Holcim has successfully entered into a definitive agreement to acquire 100% of Duro-Last, a move that establishes the group as a dominant force in the North American commercial roofing market. This strategic transaction marks a significant acceleration of the group’s "Strategy 2025," aimed at expanding its Solutions & Products division to represent 30% of total group sales. The strategic rationale centers on the integration of a highly profitable, high-growth platform that complements the group’s existing building envelope portfolio through proprietary thermoplastic technology and custom-made roofing solutions. By incorporating the target’s specialized R&D capabilities and manufacturing infrastructure, the group significantly strengthens its leadership in sustainability, particularly through advanced recycling and energy-efficient roofing systems. The partnership is designed to generate substantial industrial synergies by leveraging the group’s global distribution power and the target’s strong customer relationships in the US. This integration allows for a comprehensive end-to-end service offering in the lucrative commercial refurbishment and green building sectors. This move reinforces the group’s standing as a primary consolidator in the high-margin North American industrial construction landscape.

DURO-LAST, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.3x average currently observed in the Industry & Manufacturing sector.

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