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/
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