Amrize, the North American offshoot of Swiss building-materials giant Holcim, made its stock-market debut on June 23, trading under the ticker “AMRZ” on both the New York Stock Exchange and the SIX Swiss Exchange. 

The spin-off, structured as a 100% dividend-in-kind, awarded one Amrize share for every Holcim share held, valuing the newly independent company at roughly $30 billion at Monday’s opening bell.

Amrize brings together Holcim’s entire North American operations, spanning cement, aggregates, ready-mix, mortar, and building envelope solutions. 

Its portfolio includes more than 1,000 production and distribution sites across North America, with brands including Duro-Last, Gaco, and Elevate Commercial Roofing Systems, making it, as The Wall Street Journal reported, the second-largest commercial-roofing supplier in North America 

With some 19,000 employees, the company serves infrastructure, commercial and residential markets from foundation to rooftop. Holcim’s board, citing diverging regional market dynamics, approved the separation to allow each entity to pursue focused strategies.

“As distinct, independent publicly traded companies, Holcim and Amrize should each benefit from a sharpened strategic and operational focus,” Holcim CEO Miljan Gutovic said in a company release 

The European conglomerate plans to concentrate on Europe, Latin America, Australia and North Africa, while Amrize will target growth in North America.

Amrize CEO Jan Jenisch described the spin-off as “an exciting day for all our teammates across North America,” adding that the company will “capitalize on long-term megatrends from infrastructure modernization and onshoring of manufacturing to data-center expansion and the opportunity to bridge the housing gap.” 

At its investor day in New York in March, Amrize outlined mid-term targets, calling for 5% to 8% annual sales growth and 8% to 11% core profit expansion through 2028. 

Does This Matter to You?

For roofing contractors and other professional builders, the spin-off proponents promise a more dedicated partner. Industry analysts say Amrize’s streamlined structure and domestic sourcing position it to mitigate volatility from tariffs on imported materials. 

“Amrize offers investors and customers a way to engage the U.S. construction cycle with reduced exposure to international trade tensions,” said Anthony Codling of RBC Capital Markets, told WSJ.

With an efficient distribution network, Amrize expects to leverage federal infrastructure spending — propelled by the 2021 $1 trillion Infrastructure Investment and Jobs Act — and robust demand for data center and refurbishment work, which accounts for nearly half of its volume.

Amrize finished its first trading day at $51.99, up 1.5% from its open. Trading volume was high, exceeding 10.5 million shares, indicating strong institutional interest during the debut.

Amrize Brands