Holcim to buy U.S. Malarkey Roofing Products in $1.35 bln deal
Reuters
Synopsis
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.
AgenciesSwiss 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.
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Holcim to buy U.S. Malarkey Roofing Products in $1.35 bln dealReutersLast Updated: Dec 23, 2021, 12:05 PM ISTSynopsisHolcim 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. AgenciesSwiss 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. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessETPrime stories of the day