Holcim acquires market leader in USA
Building materials producer Holcim has announced the purchase of Texas-based SES Foam LLC. The acquisition of the largest independent spray foam insulation company in the US is expected to complement Holcim's roofing and insulation business and drive its green growth.
Holcim has reached an agreement to acquire SES Foam LLC of Spring, Texas. The largest independent spray foam insulation company in the US is expected to have net sales of $200 million in 2022. As stated in a media release , SES can look back on double-digit growth. The company produces innovative energy-efficient and bio-based solutions for new and environmentally friendly renovation projects.
This acquisition in the “highly profitable” American spray foam market is another exciting step in the expansion of the Solutions & Products division, “which drives our ‘Strategy 2025 – Accelerating Green Growth’,” its boss Jamie Gentoso is quoted as saying. SES “is an excellent addition to our roofing and insulation business.” This brings Holcim’s 2022 pro forma net sales in this business, including recent acquisitions from Firestone Building Products to Malarkey , to $3.5 billion.
SES was founded in 2009. In addition to its ‘superior’ and eco-friendly products, such as a sucrose-based bio-certified foam, SES excels at providing value-added services to contractors, including on-site technical training, business consulting, branding and customer acquisition support.