Transactions & Cases Detail



Transaction/Case Details

Lafarge completes US$700 million sale of its North American Gypsum assets to Lone Star Funds affiliate

DATE CLOSED

August 30, 2013

BUSINESS SECTOR

General Manufacturers

LEAD OFFICE

Montreal

VALUE

700 Million USD


OVERVIEW

On August 30, 2013, Lafarge completed the sale of its subsidiary North American Gypsum assets at an enterprise value of US$700 million (533 million euros) to an affiliate of Lone Star Funds.

Lafarge North America's Gypsum division manufactures gypsum wallboards and joint compounds throughout a network of plants in the United States and Canada.

Lafarge, headquartered in Paris, France, is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard.

Lone Star Funds, headquartered in Texas, United States, is a worldwide private equity firm.

McCarthy Tétrault LLP acted as Canadian counsel to Lafarge, as seller, with a team that was led by Philippe Fortier.