Q: Indicate a text span in the passage about which an inquisitive question is asked. (note, don't answer the question).
Sentence: Ideal Basic Industries Inc . said its directors reached an agreement in principle calling for HOFI North America Inc . to combine its North American cement holdings with Ideal in a transaction that will leave Ideal ' s minority shareholders with 12 . 8 % of the combined company .<sep>Question: What does HOFI stand for?
A:
HOFI