Holcim completes acquisition of Duro-Last roofing systems
Published by Sol Klappholz,
Assistant Editor
World Cement,
- Leading roofing systems company with net sales of US$540 million in highly profitable North America roofing market.
- Highly regarded brand recognised for leadership in innovation and sustainability.
- Holcim roofing systems will exceed US$4 billion in net sales ahead of schedule.
Holcim completed the acquisition of Duro-Last, a US leader in commercial roofing systems, with pro forma net sales of US$540 million.
Duro-Last has a track record of double-digit growth in North America’s highly profitable US$40 billion roofing market, driven by leading brands, proprietary technologies and custom-made solutions. Duro-Last’s systems will complement and strengthen Holcim’s integrated roofing offer, with expected synergies of US$60 million per year. With this acquisition, Holcim roofing systems will exceed US$4 billion in net sales ahead of schedule.
Jan Jenisch, CEO: “I am excited to welcome all 840 Duro-Last employees to the Holcim family. DuroLast 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 excellence in recycling will further advance our leadership in sustainability. This is another exciting step in the expansion of Solutions & Products, advancing our ‘Strategy 2025 – Accelerating Green Growth’ to become the global leader in innovative and sustainable building solutions.”
Duro-Last is recognised for its leadership in innovation and sustainability. Its leading Research & Development organisation is continuously expanding its range of proprietary technologies and custommade solutions for superior performance. At the forefront of sustainability, Duro-Last’s systems range from cool roofs, enhancing buildings’ energy efficiency, to its award-winning “Recycle Your Roof” program, driving circularity in roofing. Duro-Last is the first company in the United States to offer thirdparty verified environmental product declarations for its thermoplastic roofing solutions. With these credentials, Duro-Last’s systems are in line with the most advanced green building certifications, such as LEED.
This acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth” with the goal to expand its Solutions & Products business to 30% of Group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment.
Read the article online at: https://www.worldcement.com/the-americas/03042023/holcim-completes-acquisition-of-duro-last-roofing-systems/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
CEMBUREAU elects new President and Vice-President
Jon Morrish, Area Board Member for the Region Europe, Heidelberg Materials, is elected President, and José Antonio Cabrera, President of CEMEX, Europe, Middle East and Africa, as Vice-President.
