The new logo of Swiss cement maker Holcim is seen in a block of concrete during the Holcim Capital Markets Day event in Basel, Switzerland, November 18, 2021. REUTERS/Arnd Wiegmann
BERLIN, Dec 23 (Reuters) – Swiss building materials company Holcim (HOLN.S) 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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Reporting by Zuzanna Szymanska, editing by Kirsti Knolle
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