Acquisition
Holcim has signed an agreement to acquire Duro-Last®, a United States leader in commercial roofing systems, with pro forma net sales of $540 million. Duro-Last has a track record of double-digit growth in North America’s highly profitable roofing market, driven by premium brands, proprietary technologies, and custom-made solutions. Duro-Last’s systems will complement and strengthen Holcim’s integrated roofing offer, with expected synergies of $60 million per year.
Duro-Last is recognized for its leadership in innovation and sustainability. Its leading research and development organization is continuously expanding its range of proprietary technologies and custom-made solutions for superior performance. At the forefront of sustainability, Duro-Last’s systems range from cool roofs and insulation boards to enhance 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 third-party 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®.
The acquisition advances Holcim’s Strategy 2025: Accelerating Green Growth with the goal to expand its solutions and products business to 30% of group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment. The transaction is in line with Holcim’s commitment to strict financial discipline and is subject to customary conditions and regulatory clearance in the United States. It is expected to close by early Q2 2023.
