Lone Star Funds Acquire Lafarge’s North American Gypsum Division

Lone Star Funds Acquire Lafarge’s North American Gypsum Division

Lafarge has sold its North America’s Gypsum division to the Lone Star Funds at an enterprise value of $700 million.

Lafarge North America’s Gypsum division manufactures gypsum wallboards and joint compounds throughout a network of plants in the United States and Canada. The division’s products are used for commercial, residential, and renovation projects throughout much of North America. Lafarge operates a network of manufacturing facilities, including the industry’s largest gypsum board plant in the world, located in Silver Grove, KY. In 2012, the division had revenues of $310 million (www.lafarge-na.com).

Lafarge is a building materials company with operations in cement, aggregates and concrete. The company has 65,000 employees and had sales of €15.8 billion in 2012. Lafarge is headquartered in Paris (www.lafarge.com).

Lone Star invests globally in distressed assets. Since the establishment of its first fund in 1995, Lone Star has organized eleven private equity funds with aggregate capital commitments totaling over $38 billion. The firm is based in Dallas (www.lonestarfunds.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 6-25-13

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