Holcim buys Polish company Izolbet
Holcim takes over Izolbet, a Polish provider of special construction solutions. With this, the Zug cement giant wants to strengthen itself in the areas of renovation and thermal insulation, among other things. He is also expanding his presence in Poland.
According to a press release , Holcim is taking over the Izolbet company, which is headquartered in the Polish city of Gostynin. This offers special construction solutions and has four production sites in Poland. Over the past three years, Izolbet has reportedly achieved double-digit growth in revenue and earnings before interest, taxes, depreciation and amortization (EBIDTA).
With the takeover, the Zug-based cement group intends to strengthen its presence in the areas of renovation and thermal insulation, among other things. The acquisition also complements Holcim’s recent investment in a new dry mortar production facility in Kraków.
“Construction solutions are a key focus for Solutions & Products expansion in Europe, particularly with the recent acquisitions of PRB Group in France and PTB-Compaktuna in Belgium,” says Miljan Gutovic, Head of Region Europe, Middle East and Africa at Holcim , quote. “I am delighted to welcome all Izolbet employees to the Holcim family to start our next growth chapter together,” he added.