LafargeHolcim

LafargeHolcim is a manufacturer of building materials (primarily cement, aggregates and concrete) which claims to be the largest in the world, with a presence in 90 countries and 115,000 employees. It was formed by the merger on 10 July 2015 of cement companies Holcim and Lafarge which had combined net sales of CHF 33 billion (EUR 27 billion) in 2014. The new company has a manufacturing capacity of 368.5 million tons a year.

History

On 7 April 2014, Lafarge and Holcim announced a merger project to create LafargeHolcim.

With a combined market value exceeding $50 billion, the merger was the second largest announced in 2014 worldwide. It was early recognised that a merger of this scale would raise regulatory concerns. The planned divestments account for between 10 and 15% of the companies' current EBITDA, while the deal was expected to save the company 1.4 billion euros (US$1.9 billion) annually and create "the most advanced group in the building materials industry."

On 10 July 2015, Lafarge and Holcim completed the merger and created LafargeHolcim. On 15 July 2015, the new LafargeHolcim Group was officially launched.