Lone Star Funds to Purchase Lafarge NA Gypsum Business
Big news for the American drywall market this summer: Lafarge SA has agreed to sell its North American Gypsum business with an enterprise value of $700 million to an affiliate of Lone Star Funds, as reported in a story by Simon Thiel of the Bloomberg News.
The business, which manufactures drywall and joint compounds in plants in the U.S. and Canada, had 2012 sales of $310 million, the Paris-based company said via an email statement in late June.