Buxton’s Tunstead Quarry will remain part of Lafarge Tarmac, the company has announced.
In January, the Competition Commission instructed the company to sell one of its two plants to enable a company to compete in the industry.
But Lafarge Tarmac has now agreed that it will be their Cauldon plant in Staffordshire which is to be sold.
A company spokesperson said: “Cauldon cement plant is being sold as a going concern and there is unlikely to be much change for employees.
“Until the global Lafarge Holcim merger is completed, the plant remains part of Lafarge Tarmac and will be managed as such with no change for employees, customers or suppliers.”
The decision to sell Cauldon was made by the company’s shareholders.
Tunstead Quarry and cement plant, on Waterswallows Road, is the High Peak’s largest quarry and one of the largest limestone quarries in Europe.
Lafarge is currently working on a merger with Holcim.