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Mittal picks up Lafarge and Tarmac UK assets

Building materials manufacturers Lafarge and Tarmac are to sell some of their UK cement and aggregate assets to Mittal Investments, as part of conditions set by the Competition Commission to allow the two firms to merge their building materials activities.

The sale includes the Lafarge Hope cement plant in Derbyshire, one of the UK’s largest with a capacity of 1.4 million tonnes, and related depots;

– 172 ready-mix concrete plants;

– one marine aggregates wharf and one rail-linked aggregates depot; five aggregate quarries, and two asphalt plants,

– Tarmac’s 50% ownership interest in Midlands Quarry Products.

The price for the assets includes up to 30 million pounds contingent on future performance.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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