(Tiper Stock Exchange) – Holcima Swiss multinational operating in the building materials sector, has signed an agreement to acquire Duro-Lastthe US leader in systems commercial roofing, with pro forma net sales of $540 million. Duro-Last has a track record of double-digit growth in the highly lucrative North American hedging market and its systems are expected to complement and strengthen Holcim’s integrated hedging offering, with projected synergies of $60 million annually. ‘year.
The transaction has a value of 1,293 million dollars, which represents a EBITDA multiple pro forma 2023 by 11.9 times, or 7.4 times after synergies. Earnings per share (EPS) is expected to increase from the first year. With this acquisition, Holcim Hedging Systems will exceed $4 billion in net sales ahead of schedule.
“Duro-Last is one perfect strategic solution for our roofing business – commented CEO Jan Jenisch – Its proprietary technologies and leading brands complete our offer in the rapidly growing North American market. Its energy-efficient systems and recycling excellence will further enhance our sustainability leadership.”