The parent company of Holcim US and Lafarge Canada cites progress on a full capital market separation plan, or spin-off, that will net a Holcim North America listing on the New York Stock Exchange.
Subject to shareholder approval at the Holcim Annual General Meeting in May, the spin-off is planned as a domestic issuer under U.S. Securities & Exchange Commission rules, reporting in Generally Accepted Accounting Principles and seeking inclusion in relevant U.S. equity indices.
Holcim North America will encompass the Holcim US and Lafarge Canada cement, aggregate and ready mixed concrete operations, plus Holcim Building Envelope businesses, the latter bearing Firestone and other roofing brand acquisitions since 2021.
Holcim Chairman Jan Jenisch announced the proposed spin-off in January 2024. “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,” said Jenisch.
