State of the Industry

Holcim Expands Its Latin American Footprint with PASA Acquisition

Swiss conglomerate inherits an established supply chain in Mexico and Central America through this purchase.

Holcim, the multinational conglomerate manufacturer of construction materials, announced on May 3 it had acquired PASA, a leading producer of roofing and waterproofing solutions in Mexico and Central America.

Mexico’s PASA, which disclosed pro forma net sales of $38 million, further expands Holcim’s roofing and waterproofing portfolio and cements its regional business footprint. In a news release, the company said by integrating the existing PASA distribution network with waterproofing solutions from its GacoFlex product range, Holcim can deliver more value for its customers through the enhanced supply chain.

“By acquiring PASA we are further expanding our Solutions & Products business to become a leader in roofing systems in Latin America,” Oliver Osswald, Holcim’s region head, Latin America, said. “It enables us to deliver more value for our customers from an innovation, performance and sustainability perspective; I am excited to welcome all 250 PASA employees to the Holcim family.”

With this latest acquisition, Holcim continues advancing its "Strategy 2025 - Accelerating Green Growth" plans; the company aims to expand its Solutions & Products business, where the division generates 30% of group net sales by 2025.

The goal appears attainable considering Holcim’s recent acquisitions of several major concerns in the construction materials space, from roofing systems and ancillary supplies to exterior renovation materials and insulation.

Forbes magazine lists the Swiss-based Holcim as No. 322 on its Global 2000 list of the world’s top public companies. In 2022, the company reported revenue of $29.8 billion and earned a profit of $2.5 billion.

For more information, visit holcim.com.

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Bryan Gottlieb is the online editor at Engineering News-Record (ENR).

Gottlieb is a five-time Society of Professional Journalists Excellence in Journalism award winner with more than a decade of experience covering business, construction, and community issues. He has worked at Adweek, managed a community newsroom in Santa Monica, Calif., and reported on finance, law, and real estate for the San Diego Daily Transcript. He later served as editor-in-chief of the Detroit Metro Times and was managing editor at Roofing Contractor, where he helped shape national industry coverage.

Gottlieb covers breaking news, large-scale infrastructure projects, new products and business.