James Hardie Sells European Fermacell Business to Holcim for $980 Million
James Hardie Industries is selling its European Fermacell business to Swiss building-materials company Holcim for $980 million. This move is part of Hardie's strategy to focus on higher-growth and higher-return markets, while Holcim aims to enhance its sustainable building solutions.
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James Hardie Selling European Fermacell Business for $980 Million to Holcim
James Hardie Industries will sell its European Fermacell business to Swiss building-materials company Holcim as it seeks to focus on higher-growth and higher-return markets.
Holcim Is Acquiring Part of James Hardie’s European Business
Holcim Ltd. is acquiring part of the European business of James Hardie Industries Plc for €840 million ($981 million), expanding its building, sustainable flooring and walling solution offerings.