The Federal Trade Commission (FTC) approved the merger of the two biggest cement makers in the world, Swiss-based Holcim Ltd and Paris-based Lafarge S.A., after the two agreed to divest some of its U.S. assets, Reuters reported on May 4.
To win the FTC’s approval of the $25 billion worth of merger deal, Lafarge agreed to sell distribution centers stationed in Louisiana, Minnesota, Tennessee and Wisconsin, as well as a cement plant and a quarry in Iowa. On the other hand, Holcim agreed to sell slag cement facilities located in New Jersey and Chicago, along with terminals located in Illinois and Michigan, among other U.S. states.
Last December, the two companies won the merger approval from the European Union’s antitrust authorities.
Mergers and acquisitions can be a sure way to reach greater market heights. To help you with all the legal matters surrounding such business transactions, you may seek the help of our team of Iowa business law attorneys at Arenson Law Group, PC, by calling (319) 363-8199 today.