Acquisition
Holcim has completed the acquisition of Duro-Last®, a United States leader in commercial roofing systems, with pro forma net sales of $540 million. Duro-Last has a track record of double-digit growth in North America’s highly profitable roofing market, driven by leading brands, proprietary technologies, and custom-made solutions. Duro-Last’s systems will complement and strengthen Holcim’s integrated roofing offer, with expected synergies of $60 million per year. With this acquisition, Holcim roofing systems will exceed $4 billion in net sales ahead of schedule.
Duro-Last is recognized for its leadership in innovation and sustainability. Its leading research and development organization is continuously expanding its range of proprietary technologies and custom-made solutions for superior performance. At the forefront of sustainability, Duro-Last’s systems range from cool roofs, enhancing buildings’ energy efficiency, to its Recycle Your Roof program, driving circularity in roofing. Duro-Last offers third-party verified environmental product declarations for its thermoplastic roofing solutions. With these credentials, Duro-Last’s systems are in line with the most advanced green building certifications, such as LEED®.
This acquisition advances Holcim’s Strategy 2025: Accelerating Green Growth with the goal to expand its solutions and products business to 30% of group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment.
Holcim is a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate roofing to PRB’s insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5° C targets validated by the Science Based Targets initiative.
Duro-Last is a leading manufacturer of custom-fabricated thermoplastic single-ply roofing systems based in Saginaw, Michigan, with eight manufacturing locations across the United States. Factory controlled custom-fabrication can eliminate up to 85% of field seams, resulting in lower on-site labor costs and easier installation. Duro-Last’s roofing systems are sustainable and durable.
