TOP NEWS Holcim Acquires Mathers GroupHolcim has acquired the quarry and asphalt businesses of Mathers Group Inc. in Quebec, Canada, including Carrière St-Eustache Ltée and Pavage St-Eustache Ltée. The acquisition will expand the Holcim Group’s footprint in the dynamic Quebec market, where infrastructure investment is projected to drive high growth across the Eastern Canada region. GCAA Midyear Meeting a SuccessThe…
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Holcim Reports Record Sales in First Half
Holcim is reporting record net sales of CHF$14,681 million for the first half of 2022, up 16.9% in Swiss francs and 12.7% on a like-for-like basis compared to the prior year. The increase was driven by sales growth in all segments. Net sales in the second quarter alone were CHF$8,240 million, or 13.6% higher like-for-like than the prior-year period.
Read MoreIllinois Strike Ends With Agreement
International Union of Operating Engineers Local 150 members reached a tentative agreement with the Chicago Area Aggregate Producers Association. The agreement ends a strike that began June 7 at 35 Chicago-area facilities owned by Lehigh Hanson, Vulcan Materials Co. and Holcim. The employers made what they described as a final offer on July 15, but union representatives said it was…
Read MoreFirst Look – July 2022
TOP NEWS House Passes 2022 WRDAThe House has passed the bipartisan Water Resources Development Act (WRDA) of 2022. It will improve the nation’s water infrastructure by authorizing water resources development projects in collaboration with the U.S. Army Corps of Engineers. This legislation will strengthen America’s economy through investments in ports, harbors and inland waterways; make communities more resilient; and protect…
Read MoreHolcim Acquires Mathers Group in Eastern Canada
Holcim has acquired the quarry and asphalt businesses of Mathers Group Inc. in Quebec, Canada, including Carrière St-Eustache Ltée and Pavage St-Eustache Ltée. The acquisition will expand the Holcim Group’s footprint in the dynamic Quebec market, where infrastructure investment is projected to drive high growth across the Eastern Canada region.
Read MoreHolcim, Habitat for Humanity Enter Partnership
Holcim and Habitat for Humanity have entered a partnership to accelerate access to affordable housing driven by an innovative digital platform. Together they are deploying an online affordable housing portal to enable low-income families to access finance as well as building materials and solutions in a safe and seamless way, with plans to scale up in Latin America, North America…
Read MoreHolcim Expands Ready Mix Presence in Louisiana
Holcim has acquired Cajun Ready Mix Concrete, the largest in its sector in the Baton Rouge, La., metropolitan area. The transaction will integrate Cajun’s expertise along with its eight ready-mix concrete plants, 108 employees and 51 mixer trucks. This acquisition adds to Holcim’s recent bolt-ons in ready-mix concrete, in line with its “Strategy 2025 – Accelerating Green Growth.”
Read MoreHolcim On The Move
May 16, 2022 – Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said. “At the moment we have around 10 transactions being checked by us, being negotiated by us. They are small transactions, they are bigger transactions,” Jenisch told a reporter from Reuters. “We…
Read MoreHolcim Touts Strong First Quarter
Holcim reported record net sales of CHF 6,440 million, and total growth of +20.1% in Swiss francs, driven by strong demand, acquisitions and pricing.
Read MoreHolcim Completes Roofing Acquisition
Holcim completed the acquisition of Malarkey Roofing Products, a double-digit growth engine in the U.S. residential roofing market, with projected 2022 net sales of $600 million and EBITDA of $120 million. Recognized for its leadership in innovation and sustainability, Malarkey is expanding Holcim’s range of roofing systems in the highly profitable $19 billion U.S. residential roofing market.
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