Swiss construction materials manufacturer Holcim is buying US roofing systems supplier Duro-Last for $1.293 billion.
According to a Holcim press release, the acquisition of Duro-Last will complement and strengthen the Swiss company’s operations in the roofing materials industry. The expected synergistic effect of the deal is $60 million per year.
The purchase of Duro-Last will bring Holcim’s roofing business annual sales above the $4 billion mark faster than previously expected.
Duro-Last is the market leader in commercial roofing systems in the U.S., with annual sales of about $540 million, Holcim noted.
The deal requires U.S. regulatory approval, and the parties plan to close by the second quarter of 2023.
