May 23, 2013 6:32 PM ET

Construction Materials

Company Overview of Lafarge North America, Inc.

Company Overview

Lafarge North America, Inc. produces and sells cement, ready-mixed concrete, gypsum wallboards, aggregates, asphalt, paving and construction products, precast solutions, and pipe products in the United States and Canada. It offers crushed rock, stone, sand, and gravel for civil, commercial, residential, and industrial construction sectors; asphalt, paving, and construction products; concrete pipes and manholes for storm drainage, sanitary sewers, culverts, and storm water treatment; custom precast concrete solutions; Portland and blended cements, cementitious materials, specialty cements, and masonry and mortar cements; and gypsum wallboard and finishing products for commercial, residential,...

Detailed Description

8700 West Bryn Mawr Avenue

Suite 300

Chicago, IL 60631

United States

Founded in 1983

16,400 Employees

Phone:

773-372-1000

www.lafargenorthamerica.com

Key Executives for Lafarge North America, Inc.

Chief Executive Officer
Age: 69
Chief Financial Officer and Executive Vice President
Age: 48
Vice Chairman
Age: 66
Executive Vice President and President of Western Aggregates
Age: 54
Executive Vice President and President of Eastern Lafarge Construction Materials
Age: 56
Compensation as of Fiscal Year 2012.

Lafarge North America, Inc. Key Developments

Lafarge to Relocate its U.S. Headquarters from Virginia to Illinois

Lafarge North America, Inc. is investing approximately $10 million to relocate its U.S. headquarters from Virginia to Illinois. Lafarge will create more than 90 jobs in Illinois in the first two years and likely more than 100 jobs over three to four years. By moving its U.S. headquarters to Illinois, Lafarge will gain access to Illinois' pool of highly-skilled workers, world-class transportation infrastructure and central location.

Lafarge North America Inc. Agrees to Pay $740,000 Penalty to Resolve Clean Water Act Violations in Five States

Lafarge North America Inc. and four of its U.S. subsidiaries have agreed to resolve alleged Clean Water Act violations. The violations include unpermitted discharges of stormwater at 21 stone, gravel, sand, asphalt and ready-mix concrete facilities in Alabama, Colorado, Georgia, Maryland, and New York. Stormwater flowing over concrete manufacturing facilities can carry debris, sediment and pollutants, including pesticides, petroleum products, chemicals and solvents, which can have a significant impact on water quality. Lafarge will implement a nationwide evaluation and compliance program at 189 of its similar facilities in the United States to ensure they meet Clean Water Act requirements. Lafarge will also pay a penalty of $740,000 and implement two supplemental environmental projects, in which the company will complete conservation easements to protect approximately 166 acres in Maryland and Colorado. The value of the land has been appraised at approximately $2.95 million. Lafarge will also implement one state environmentally beneficial project valued at $10,000 to support environmental training for state inspectors. The complaint, filed in federal court with the settlement, alleges a pattern of violations since 2006 that were discovered after several federal inspections at the company's facilities. The alleged violations included unpermitted discharges, violations of effluent limitations, inadequate management practices, inadequate or missing records and practices regarding stormwater compliance and monitoring, inadequate discharge monitoring and reporting, inadequate stormwater pollution prevention plans, and inadequate stormwater training.

Lafarge North America, Inc. Lays Off Workers

Thirty-nine employees at the Lafarge North America, Inc's cement factory here have been laid off, most of them union workers, because of the continued economic downturn. The company said the facility, which includes a limestone quarry, has struggled to stay competitive following the 2008 collapse of the housing market, which has greatly reduced demand for cement used to make concrete. The Ravena plant has been running at about 50% of capacity since then, as prices fell and plant costs kept increasing.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 27, 2013
Lafarge North America Inc., Wichita Aggregates, Concrete and Asphalt/Paving Operations
Merger/Acquisition
January 10, 2013
Lafarge North America, Inc., Ball Ground, Clayton, Cumming, and Douglasville Quarries
Merger/Acquisition
September 26, 2012
Sugar Creek, Missouri, Tulsa, Oklahoma Cement Plants and Related Assets
 

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