Holcim to buy U.S. Malarkey Roofing Products in $1.35 bln deal | Reuters

2022-05-14 11:41:47 By : Ms. Maggie Ding

The new logo of Swiss cement maker Holcim is seen in a block of concrete during the Holcim Capital Markets Day event in Basel, Switzerland, November 18, 2021. REUTERS/Arnd Wiegmann

BERLIN, Dec 23 (Reuters) - Swiss building materials company Holcim (HOLN.S) said on Thursday it was to buy residential roofing maker Malarkey Roofing Products in a deal valued at $1.35 billion to expand into the growing U.S. residential roofing market.

Holcim said it expects the all-cash deal to generate annual synergies of $40 million from the third year after the transaction closes in the first quarter of 2022, and start adding to the group's earnings from the first year.

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