- Holcim (OTCPK:HCMLF) agrees to acquire Malarkey Roofing Products, a leading company in the US residential roofing market with projected 2022 net sales of $600M and EBITDA of $120M.
- The transaction is valued at $1.35B, to be financed with 100% cash. Synergies of $40M by year three, acquisition is EPS accretive from year one.
- Malarkey is a proven growth engine in the highly profitable and growing US residential roofing market and is fully complementary to Firestone Building Products’ leadership in the commercial segment, positioning Holcim as a full roofing provider.
- The complementary acquisition in roofing systems to achieve $4B net sales by 2025 and accelerates Holcim’s growth in Solutions & Products to reach 30% of group net sales by 2025.
- It is expected to close in the first quarter of 2022.