max temp: 15°C

min temp: 15°C

ESTD 1874 Search

UK: Mittal deal clears way for Lafarge and Tarmac’s UK joint venture

14:22 16 November 2012

One of Lafarge

One of Lafarge's sand and gravel extraction sites in the UK

TWO major construction materials firms today moved closer to a tie-up in the UK with the £272million sale of plants and quarries to Britain’s richest man.


Tarmac owner Anglo American and France’s Lafarge were told to sell off the assets to address competition concerns over a proposed merger of their UK operations.

Today’s deal with steel tycoon Lakshmi Mittal’s investment vehicle includes one of the UK’s largest cement plants in Hope, Derbyshire.

The Competition Commission said in May the two groups must pave the way for a new competitor into the UK cement market to ensure the joint venture did not damage competition.

It said at the time there were only four UK producers of bulk cement and there was evidence that competition had not been as effective as it could be.

The assets it earmarked, and which are covered by today’s deal, include operations supporting Lafarge’s Hope facility and more than half the planned joint venture’s ready-mixed concrete capacity.

A nearby quarry and three linked rail depots, along with six aggregate quarries and two asphalt plants will also be sold to Mittal Investments.

Lafarge and Anglo American said they now expected the joint venture to be approved early next year.

France’s Lafarge entered the UK market in 1987 before acquiring Redland in 1997 and Blue Circle in 2001 and currently employs about 2,800 people in the UK. Tarmac is the UK’s largest quarrying firm, with a workforce of around 4,500.



The presentation of the Gold award in the Community Relations Campaign category to Essex County Council at the CIPR Anglia Thames & Chiltern Pride Awards 2015

Photo:  Steve Pope - FOTOWALES

Public relations professionals across East Anglia have received recognition in the regional round of the 2015 PRide Awards.

New report on prosperity in seaside towns

New research has highlighted the importance of entrepreneurs in helping to revive seaside towns that have fallen into decline and unlock further potential in those already prospering.

Dan Poulter with employees at B&Q

A Suffolk MP has said he will do what he can to try and prevent a B&Q store closing down with the potential loss of around 100 jobs.

Dr Aled Jones, Anglia Ruskin University.

The director of Anglia Ruskin University’s Global Sustainability Institute (GSI) is in the running to be named the greenest academic in the UK.

Helen Drage,  co-founder of Drage & Tozer Opticians.

Sudbury opticians firm Drage and Tozer, founded in 1995 by Helen Drage and Sandra Tozer, has celebrated 20 years in business by expanding into new premises.

Val Carrol, director of healthcare at Beckett Financial Services, receives the company’s Commendation at the Investment Life & Pensions Moneyfacts awards from comedian Tim Vine.

Bury St Edmunds-based Beckett Financial Services has been recognised by a national financial services publication for delivering outstanding levels of customer satisfaction to its healthcare clients.

Meadows Montessori School pupils Spencer, Luke and Ben, aka the Flower Pot Men, with The Apprentice 2014 winner Mark Wright who presented their trophy for winning the Best Community Engagement category of the Fiver Challenge Awards , supported by Virgin Money.

Pupils from the Meadows Montessori school in Ipswich have been named among the winners in the Fiver Challenge, run by the Young Enterprise programme.

From left, Michael Francis, store manager, Colchester, Robert Smith, dealer principle, Colchester and Norwich, and  Emmanuel Greffier, store manager, Norwich with the Bang & Olufsen UK Partner of the Year trophy.

The team at the Bang & Olufsen store in Colchester is celebrating after beating off competition from 60 other dealerships to be named as the audio equipment firm’s UK Partner of the Year.

Kelly-Anne Byres of Poppy Nursing and Care Services.
Picture: Stephen Waller  www.stephenwaller.com

Five businesses and organisations from Suffolk and north Essex have been named among the finalists in the 2015 East of England Business Champions awards.

The Nestle Purina site in Sudbury

A Sudbury pet food factory is under increasing pressure to tackle foul odours as it is revealed an environmental regulator recorded 40 stench complaints since last month.

Most read

Most commented

Topic pages