Aggregates Manager

August 2014

Aggregates Manager Digital Magazine

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AGGREGATES MANAGER August 2014 3 by Therese Dunphy, Editor-in-Chief THE RIPPLE A s the megadeal between Lafarge and Holcim proceeds, it will be interesting to watch the ripple effect across the aggregates industry, both in the United States and around the world. Three months after the merger was announced, the companies released a list of the assets it plans to dispose of in order to avoid market monopolies. Their statement came on the heels of Anglo American's disclosure that it sold its 50-percent stake in joint assets with Lafarge to that company for approximately $1.5 billion. Highlights of Holcim and Lafarge's proposed divestiture include the following: • Austria: Lafarge's Mannersdorf cement plant; • Brazil: The companies say they will soon file a comprehensive package of divestitures with the Brazilian regulator, CADE, but haven't released package details; • Canada: Holcim's assets; • France: Holicm's assets in metropolitan France (except its Altkirch cement plant and aggregates and ready-mix sites in the Haut-Rhin market) and Lafarge's assets on Reunion island, except its shareholdings in Ciments de Bourbon; • Germany: Lafarge's assets; • Hungary: Holcim's assets; • Mauritius: Holcim's assets; • The Philippines: The associated companies of Lafarge and Holcim are exploring the combination of their businesses, other than LRI's Bulacan, Norzagaray, and Iligan plants, which will be divested as part of the rollup; • Serbia: Holcim's assets; and • The U.K.: Lafarge Tarmac assets, with the possible exception of one cement plant. Immediately, I thought of the Lafarge Tarmac operation in Buxton, Derbyshire, England, that is home to the Hillhead quarry show (see RollOuts, beginning on page 6, to see some of the new equipment that debuted at the event). The quarry will likely have new owners by the time the 2016 show is held. Closer to home, Holcim's Canadian assets include Dufferin Aggregates, a well-respected group with nearly a dozen aggregates plants in the greater Toronto and Montreal areas. What will be the impact of the series of buying and selling about to ensue? Anglo American has already announced it will pay down debt with the proceeds of its sale to Lafarge. Lafarge and Holcim clearly hope to shape their own divestitures rather than leave it to regulators in the various global markets. What about the buyers? We've seen a lot of big deals in recent months. Will another global company emerge from this divestiture? Could Dufferin Aggregates be acquired by a U.S. company and once again change the landscape of the North American market? Time will tell, and Aggregates Manager will be watching. August 2014 Vol. 19, No. 8 /AggregatesManager @AggMan_editor Editorial Editor-in-Chief: Therese Dunphy Editorial Director: Marcia Gruver Doyle Online Editor: Wayne Grayson Online Managing Editor: Brian Ethridge Design & Production Art Director: Sandy Turner, Jr. Production Designer: Timothy Smith Advertising Production Manager: Linda Hapner Construction Media Senior VP, Construction Media: Dan Tidwell VP of Sales, Construction Media: Joe Donald 3200 Rice Mine Rd NE Tuscaloosa, AL 35406 800-633-5953 Corporate Chairman/CEO: Mike Reilly President: Brent Reilly Chief Process Officer: Shane Elmore Chief Administration Officer: David Wright Senior Vice President, Sales: Scott Miller Senior Vice President, Editorial and Research: Linda Longton Vice President, Audience Development: Stacy McCants Vice President, Digital Services: Nick Reid Vice President, Marketing: Julie Arsenault For change of address and other subscription inquiries, please contact: Aggregates Manager TM magazine (ISSN 1552-3071) is published monthly by Randall-Reilly Publishing Company copyright 2014. Executive and Administrative offices, 3200 Rice Mine Rd. N.E., Tuscaloosa, AL 35406. Subscription rates: $24 annually, Non-domestic $125 annually. Single copies: $7. We assume no responsibility for the validity of claims of manufacturers in any advertisement or editorial product information or literature offered by them. Publisher reserves the right to refuse non-qualified subscriptions. Periodical circulation postage paid at Tuscaloosa, Alabama and additional entries. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by an information storage retrieval system, without written permission of the copyright owner. POSTMASTER: Send all UAA to CFS. (See DMM 707.4.12.5); NON-POSTAL AND MILITARY FACILITIES: send address corrections to Aggregates Manager, 3200 Rice Mine Road N.E., Tuscaloosa, AL 35406. Effect

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