Holcim Ltd of Switzerland and Lafarge SA of France have received final approval for their proposed merger from competition authorities in the U.S. and Canada. All necessary approvals have been obtained ahead of the expected closing in July 2015. The companies can now present a final list of divestments to satisfy regulatory requirements, all of which remain subject to completion of the merger. In Canada, Holcims assets will be sold to CRH plc of Ireland. In the U.S., CRH will buy Holcims Trident cement plant in Montana and five terminals in the Great Lakes region. Summit Materials will buy a cement plant in Davenport, IA and seven terminals along the Mississippi River; Buzzi Unicem will buy three Holcim terminals in Michigan and Illinois; Eagle Materials will buy Holcims 600,000 tons/year Skyway slag grinding station in Illinois; and Essroc/Italcementi will buy Holcims 700,000 tons/year slag grinding station in New Jersey along with a terminal in Massachusetts.
Volume 29 issue 10