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Holcim to buy U.S. Malarkey Roofing Products in $1.35 billion deal -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Holcim Capital Markets Day in Basel (Switzerland) November 18th, 2021, shows the new logo for Holcim. REUTERS/Arnd Wiegmann

BERLIN, (Reuters) – Swiss construction materials company Holcim (SIX.) Thursday announced that Malarkey Roofing Products will be purchased by the company to increase its reach into the U.S. market for residential roofing. The deal is valued at $1.35 million.

Holcim stated that it expected the all-cash transaction to create annual synergies worth $40 million starting in the third year following the closing of the transaction. The group will also start adding earnings to its books from the first year.

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