(CercleFinance.com) – Holcim announces that it has signed an agreement to acquire Duro-Last, presented as a leader in the highly profitable roofing market in North America, with pro forma net sales of $540 million.
This transaction is valued at $1.29 billion, and an accretive effect on EPS is expected in the first year. With this acquisition, Holcim Roofing Systems will exceed $4 billion in net sales sooner than expected.
The transaction is consistent with Holcim’s commitment to strict financial discipline and is subject to customary conditions and regulatory clearances in the United States. It should be finalized by the second quarter.
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