# 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.

- Type: Acquisition
- Announced: 2024-04-11
- Where: South Africa
- Value: $54.0M
- Status: announced
- Capacity: 2.4Mta Lichtenburg plant, 1Mta Randfontein plant
- Products: cement, aggregates, ready-mix concrete, fly ash
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (partner)
- [Lafarge South Africa](https://endata.com/companies/40985.md) (target)
- [Afrimat](https://endata.com/companies/70967.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/176778/competition-tribunal-grants-approval-for-afrimat-s-acquisition-of-lafarge-south-africa.html), 2024-04-11: "It will increase Afrimat’s offering in the construction materials space, by expanding the group's quarry and ready-mix operations nationally"
- [cemnet.com](https://www.cemnet.com/News/story/177028/afrimat-boosts-revenue-by-24-in-fy23-24-as-lafarge-integration-continues.html), 2024-05-17: "The acquisition will increase Afrimat’s offering in the construction materials space by expanding the Group's quarry and ready-mix operations nationally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.