France’s Lafarge and Switzerland’s Holcim, both with locations in the Kansas City area have agreed to a merger. Both companies are producers of cement, gravel and asphalt in the building materials industry, serving industrial and residential markets. Lafarge has three locations in the Kansas City area, and Holcim has one Kansas City plant.
This merger between the world’s two largest cement manufacturers is being described as a “merger of equals,” and is expected to produce combined sales of $50 billion. The combined company will be called LafargeHolcim and will employ 136,000 people in 90 countries. Switzerland will serve as the company’s headquarters