© Reuters. FILE PHOTO: The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022. REUTERS/Arnd Wiegmann/File Photo
ZURICH (Reuters) – Holcim (SIX:) AG on Tuesday said it has agreed to acquire U.S. roofing systems manufacturer Duro-Last.
The Swiss cement maker said the transaction is valued at $1.29 billion and that, as a result, Holcim roofing systems will exceed $4 billion in net sales ahead of schedule.