Holcim announced its intent to publicly list its North American business in the United States with a full capital market separation. This process “will create the leading pure-play building solutions company in the region,” the company stated.
The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its stakeholders. Holcim’s post-U.S. listing of North America is expected to remain included in the Swiss Market Index and the leader in innovative and sustainable building solutions.
The board has tasked Jan Jenisch to lead the planned U.S. listing of Holcim’s North America business.
Jan Jenisch, chairman and CEO stated, “Holcim has reached a new level of financial performance and a superior earnings profile with industry-leading margins and a strong balance sheet. The success of our North American business makes it the leading pure-play building solutions company in the region. With a U.S. listing, we will unleash its full potential to be the partner of choice for our customers in one of the world’s most attractive construction markets. As we fully capitalize on the region’s infrastructure and construction boom, we will accelerate growth and unlock value for our stakeholders.”
Holcim noted that the listed North American business is the number-one player in cement, strongly positioned in aggregates and ready-mix, and is a leader in advanced roofing systems. “It will execute an accelerated growth strategy to achieve more than $20 billion in net sales and more than $5 billion in EBIT with industry-leading margins by 2030,” the company said.
The U.S. listing is expected to be completed in the first half of 2025.
