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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 5, 1996
LAFARGE CORPORATION
(Exact name of Registrant as specified in its charter)
Maryland 0-11936 58-1290226
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
11130 Sunrise Valley Drive, Suite 300, Reston, Virginia 20191
(Address of principal executive offices)
Registrant's telephone number, including area code:
(703) 264-3600
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Item 5. Other Events.
See two attached press releases.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
LAFARGE CORPORATION
By: /s/ Larry Waisanen
-------------------------
Title: Senior Vice President
Date: August 6, 1996
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FOR IMMEDIATE RELEASE CONTACT: INVESTORS:
August 6, 1996 Larry Waisanen
(703) 264-3670
MEDIA:
Ted Pile
(703) 264-3632
LAFARGE CORP. TO ENTER WALLBOARD BUSINESS
BY ACQUIRING TWO MANUFACTURING PLANTS
RESTON, VA -- Lafarge Corporation (NYSE, TSE & ME: LAF), one of the leading
construction materials companies in North America, said that it has reached an
agreement to acquire Georgia-Pacific Corp.'s gypsum wallboard manufacturing
plants in Buchanan, New York and Wilmington, Delaware. The acquisition of the
two facilities, which combined had gross sales of $75 million last year, is
scheduled for completion in early September.
Georgia-Pacific was required by the U.S. Department of Justice to divest the
Buchanan and Wilmington plants after acquiring Domtar's North American wallboard
business in April.
Lafarge Corp. is part of the Lafarge Group, a world leader in building materials
and Europe's third-largest producer of wallboard and other gypsum products. The
Lafarge Group, headquartered in Paris, operates 40 gypsum product and wallboard
production sites around the world.
"This is an excellent opportunity for us to begin developing a new business line
that can have synergies with our existing construction materials businesses in
North America, and where we can capitalize on the marketing and technical
innovation in the Lafarge Group's gypsum division," said Michel Rose, president
and CEO of Lafarge Corp.
Rose noted that the two plants Lafarge is acquiring are geographically well
positioned in areas where commercial construction is recovering and where repair
and remodeling are large and important segments of the market. The Buchanan
plant is just outside the New York City metropolitan area, one of the largest
wallboard markets in the world. The Wilmington plant serves a broad market area
including eastern Pennsylvania, New Jersey, Delaware, Maryland, the District of
Columbia, Virginia and North Carolina.
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--more--
Lafarge Corp.'s strategy, Rose said, "is to build strong regional positions in
core markets with sound fundamentals and good earnings potential--consistent
with our strategy in cement and other business lines. Lafarge is quite capable
of becoming a strong multi-regional player in gypsum wallboard over time. This
acquisition is the first step."
Lafarge Corp. is one of North America's largest producers of cement, concrete,
aggregates and other construction products for residential, commercial,
institutional and public works construction. The company operates 14 cement
plants and approximately 400 construction materials operations in the U.S. and
Canada, with 1995 revenues of $1.5 billion. The company is part of the Lafarge
Group, which has operations in more than 40 countries and reported 1995 sales of
approximately $6 billion.
--30--
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FOR IMMEDIATE RELEASE CONTACT: Ted Pile
August 5, 1996 (703) 264-3632
LAFARGE CORPORATION BOARD APPOINTS NEW CEO
RESTON, VA -- At its recent quarterly meeting, the Board of Directors of Lafarge
Corporation, one of the leading construction materials companies in North
America, appointed a new president and CEO, John M. Piecuch, effective Oct.1.
Michel Rose, Lafarge Corp.'s current president and CEO and group senior
executive vice president of Lafarge S.A., will return to France to take a new
assignment. Lafarge S.A. is the parent company of Lafarge Corp.
"The appointment of John as Michel's successor is a natural transition of
leadership. For both men, the changes represent well-earned advancements in
their careers. Both have had illustrious careers with the Lafarge Group in
various capacities. We believe the company will benefit from their
extraordinary talents in each of their respective new assignments," said
Bertrand P. Collomb, Chairman of Lafarge Corp. and Chairman and CEO of Lafarge
S.A.
Piecuch, 48, joined Lafarge Corp. in 1987 and has held a variety of executive
positions including president of the cement group, president of the construction
materials group and senior executive vice president of Lafarge Corp. Piecuch is
currently group executive vice president of Lafarge S.A. in Paris for cement
strategy.
Rose, 53, has been president and CEO of Lafarge Corp. since Sept.1992 and prior
to that held a number of senior positions in the Lafarge Group.
Lafarge Corporation is one of North America's largest producers of cement,
concrete, aggregates and other construction products for residential,
commercial, institutional and public works construction. The company operates
14 cement plants and approximately 400 construction materials operations in the
U.S. and Canada, with 1995 revenues of $1.5 billion. The company is part of the
Lafarge Group, a world leader in building materials with operations in more than
40 countries.
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