Lafarge sells NA Gypsum Assets to Affiliate of Lone Star Funds

Lafarge completed the sale of its North American gypsum business to Continental Building Products, LLC, an affiliate of Lone Star Funds with headquarters in Reston, Virginia, United States.

Lafarge North America gypsum division manufactures gypsum wallboards and joint compounds throughout a network of plants in the US and Canada.

Lafarge, headquartered in Paris, France, is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard.

Lone Star Funds, headquartered in Texas, US, is a worldwide private equity firm.

Lafarge S.A. was represented in-house by Bi Yong Chungunco, senior vice president, group corporate counsel and corporate secretary. Lafarge was represented in Canada internally by Kenneth Cathcart, vice president, general counsel and secretary, and Catherine Fagnan, Lafarge Canada corporate legal counsel; and by McCarthy Tétrault LLP with a team led by Philippe Fortier that included Charles-Antoine Souliére and Jacob Stone (corporate); Sébastien Thomas and Marie-Josée Marcoux (real estate); Cindy Vaillancourt (environment), Christian Meighen, Wendy Brousseau and Annie Mailhot-Gamelin (tax); Rachel Solyom and Nathalie Gagnon (labour); Lorraine Allard (pension) and Madeleine Renaud (competition).

Lafarge was represented in the US internally by Peter Keeley, senior vice president, general counsel and corporate secretary; Tim Power, vice president and associate general counsel; and Kevin Jordan, vice president and associate general counsel; and by Shearman & Sterling LLP with a team led by Clare O'Brien that included Rob Katz, Sean Skiffington, Nader Dabbo and Derrick Lott (M&A); John Cannon, Tim Hanson and Valerie Petein (executive compensation and employee benefits); Larry Bambino, Kristen Garry and Mary Jo Lang (tax); Jordan Altman (intellectual property), Kelly Karapetyan (antitrust), Jake Pratt and Laura Mulry (environmental), Jocelyn Bush (real estate) and Michael Steinberg (finance).

Lone Star Funds was represented in the US by Gibson, Dunn & Crutcher LLP with a team led by Jeffrey Chapman that included Aaron Holmes, Jonathan Whalen, Caitlin Peterson and Roy Moran (corporate); Joerg Esdorn, Fred David and Ayesha Chatterjee (finance); Dan Angel (IP), Sean Feller, Karl Nelson and Krista Hanvey (labor and benefits); Tom McHenry and Julie Soic (environmental); Jeff Trinklein, Rebecca Schmutter and Justin Reda (tax) and Deb Cussen and David Egdal (real estate).

Lone Star Funds was represented in Canada by Osler, Hoskin & Harcourt LLP with a team led by John Groenewegen that included Justin Drake and Raphaël Amram (corporate), Nicole Cloutier (real estate), Dan Kirby (environment), Kimberley Wharram (tax), Jon Marin (pension and benefits), Colin Kelly (employment) and Kelly Moffatt (intellectual property).