Holcim takes over Malarkey Roofing in the USA
The Zug-based building materials specialist Holcim will take over Malarkey Roofing Products. The Oregon-based company is a leader in the American residential roofing market.
The global Zug-based building materials company Holcim has signed an agreement to take over Malarkey Roofing Products . Malarkey is a leader in the American residential roofing market, according to a press release . It is headquartered in Portland, Oregon. The transaction is valued at $ 1.35 billion and will be 100 percent cash-funded. Holcim expects to realize synergies of $ 40 million per year by year three.
Malarkey Roofing Products is forecast to have net sales of $ 600 million in 2022. According to the announcement, the company can point to double-digit growth in the highly profitable roof-top housing market in the USA with a volume of 19 billion dollars. Both companies have set themselves the goal of sustainable building.
“The acquisition of Malarkey Roofing Products is an excellent start for our ‘Strategy 2025 – Accelerating Green Growth’, with which we are expanding our Solutions & Products division and becoming one of the world’s leading providers of roofing systems,” Holcim CEO Jan Jenisch is quoted as saying. With Malarkey, Holcim is positioning itself as a full-range roofing provider. The strategy to accelerate green growth is to expand this area to 30 percent of the Group’s net sales by 2025.
Gregory Malarkey, President of Malarkey Roofing, founded in 1956, sees Holcim as the right partner. “For decades we have been looking for a company that aligns with our vision, shares our values and can help us accelerate our growth strategy.” Like Malarkey, Holcim also focuses heavily on promoting the circular economy and the transition to sustainable construction, Malarkey becomes further quoted.
