Holcim Group Services Ltd / Key word(s): Acquisition Holcim completes acquisition of Duro-Last roofing systems 03.04.2023 / 07:00 CET/CEST
Holcim completed the acquisition of Duro-Last, a US leader in commercial roofing systems with pro forma net sales of USD 540 million. Duro-Last has a track record of double-digit growth in the highly profitable, $40+ billion North American roofing market, driven by leading brands, proprietary technologies and customized solutions. Duro-Last’s systems will complement and strengthen Holcim’s integrated roofing offering, with expected synergies of USD 60 million per year. With this acquisition, Holcim Roofing Systems will prematurely exceed USD 4 billion in net sales. Jan Jenisch, CEO: “I am delighted to welcome all 840 Duro-Last employees to the Holcim family. Duro-Last is a perfect strategic fit for our roofing business. Its proprietary technologies and leading brands complement our offering in the fast-growing North American market. Its energy-efficient systems and excellent recyclability will continue to expand our sustainability leadership. This is another exciting step in the expansion of Solutions & Products and advances our ‘Strategy 2025 – Accelerating Green Growth’ to become the world’s leading provider of innovative and sustainable building solutions.” Duro-Last is recognized for its leadership in innovation and sustainability. Its leading research and development organization continuously expands its range of proprietary technologies and customized solutions for superior performance. A pioneer in sustainability, Duro-Last’s systems range from cool roofs, which improve the energy efficiency of buildings, to its award-winning Recycle Your Roof program, which drives the circular economy of roofs. Duro-Last is the first company in the United States to offer third-party verified Environmental Product Declarations for its thermoplastic roofing solutions. With these references, Duro-Last systems comply with the most advanced green building certifications such as LEED. This acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth” with the goal of growing the Solutions & Products business to 30% of Group net sales by 2025 and penetrating the most attractive construction segments, from roofing and insulation to repair and refurbishment. About Holcim Find out more about Holcim at www.holcim.com and follow us on LinkedIn. Sign up for Holcim’s Building Progress newsletter here and follow our journey towards a net-zero future. About Duro-Last®, Inc. Important Disclaimer – Forward-Looking Statements: End of media release |
1598983 04/03/2023 CET/CEST
EQS 2023
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Technical Analysis Trends HOLCIM LTD
Short term | medium term | long term | |
tendencies | Neutral | bullish | bullish |
Development of the income statement
Sell Obtain |
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Medium consensus | EXCEED |
Number of Analysts | 21 |
Last closing price | CHF58.90 |
Average target price | CHF59.60 |
Spread / Average Target | 1.19% |
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