Afrimat receives approval to acquire Lafarge South Africa for $54M

Afrimat announced that the Competition Tribunal has granted approval for its acquisition of Lafarge South Africa from Holcim. The deal includes a purchase consideration of US$6 million and repayment of ZAR 900 million (US$48 million) in loans, covering cement plants in Lichtenburg and Randfontein.

“It will increase Afrimat’s offering in the construction materials space, by expanding the group's quarry and ready-mix operations nationally”cemnet.com

• 2 sources
• cemnet.comCompetition Tribunal grants approval for Afrimat's acquisition of Lafarge South AfricaPeter BellApr 11, 2024
• cemnet.comAfrimat boosts revenue by 24% in FY23-24 as Lafarge integration continuesPeter BellMay 17, 2024

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