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Holcim to buy U.S. Malarkey Roofing Products in $1.35 billion deal – Metro US

Holcim to buy U.S. Malarkey Roofing Products in $1.35 billion deal

FILE PHOTO: Swiss cement maker Holcim logo is seen in
FILE PHOTO: Swiss cement maker Holcim logo is seen in Basel

BERLIN (Reuters) – Swiss building materials company Holcim 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.

(Reporting by Zuzanna Szymanska, editing by Kirsti Knolle)

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