First revealed in February, Holcim recently announced the completion of its acquisition of Duro-Last for $1.29 billion. According to a statement from Holcim, it expects to exceed $4 billion in net sales ahead of its proposed timeline thanks to the acquisition. Duro-Last has a track record of double-digit growth in the roofing market, with pro forma net sales of $540 million.
“I am excited to welcome all 840 Duro-Last employees to the Holcim family," said Jan Jenisch, CEO of Holcim. "DuroLast is a perfect strategic fit for our roofing business. Its proprietary technologies and leading brands complement our offering in the fast-growing North American market. Its energy-efficient systems and excellence in recycling will further advance our leadership in sustainability."
Jenisch added the acquisition is a step in the expansion of Holcim's Solutions & Products and advances its "Strategy 2025 – Accelerating Green Growth" plan to become a global leader in sustainable building solutions.
Duro-Last’s systems range from cool roofs, enhancing buildings’ energy efficiency, to its award-winning “Recycle Your Roof” program, driving circularity in roofing. Duro-Last is the first company in the U.S. to offer third-party verified environmental product declarations for its thermoplastic roofing solutions. Duro-Last’s systems are in line with green building certifications such as LEED.
"We are delighted to be joining the Holcim family, which shares our core values, and we look to the future to accelerate our success. Holcim recognizes the opportunities at Duro-Last and we are confident it will support us in our future growth plans," said Tom Saeli, CEO of Duro-Last, in a previous statement.