Holcim has signed an agreement to acquire Duro-Last, a US-based leader in commercial roofing systems. Duro-Last’s systems range from cool roofs, enhancing buildings’ energy efficiency, to its award-winning ‘Recycle Your Roof’ programme, driving circularity in roofing. It is also the first company in the US to offer third-party verified environmental product declarations for its thermoplastic roofing solutions.
According to Holcim, with Dura-Last’s track record of double-digit growth in North America’s over US$40bn roofing market, its systems will complement and strengthen Holcim’s integrated roofing offer, with expected synergies of US$60m each year.
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“I’m excited to welcome Duro-Last into Holcim’s broad range of innovative and sustainable building solutions. 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 excellence in recycling will further advance our leadership in sustainability,” said Jan Jenisch, CEO, Holcim.
This acquisition advances Holcim’s ‘Strategy 2025 – Accelerating Green Growth’ with the goal to expand its Solutions & Products business to 30 percent of group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment. The transaction, which has been valued at US$1293m, is expected to close by the 2Q23.
