The sale has now been completed. Anglo American had announced in November 2013 that it had reached an agreement to sell TBP to Lafarge Tarmac Holdings Limited, the 50:50 joint venture of Lafarge's and Anglo American's construction materials and services businesses in the UK.
The CMA decided against refering the merger for a second phase of investigation under the Enterprise Act 2002.
Cyrille Ragoucy, CEO of Lafarge Tarmac said: "We are pleased to welcome TBP into Lafarge Tarmac. TBP is recognised as a leading building materials supplier. TBP enlarges Lafarge Tarmac's offer and will help us get closer to our customers' needs. It is a close fit with our existing business and TBP clearly opens up new opportunities for Lafarge Tarmac particularly in the house-building sector.”
TBP is a supplier of heavy building products, including construction blocks, bagged aggregates and cement products.
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