Holcim acquires German company Cooper Standard
Zug-based building materials producer Holcim has acquired Cooper Standard Technical Rubber GmbH, based in Mannheim. Its highly durable technical rubber products are expected to drive further growth of Holcim's roofing business in Europe.
Holcim has completed the acquisition of Cooper Standard Technical Rubber GmbH in Mannheim, Germany, according to its media release. Its highly durable technical rubber products are used for roofing systems. The company reportedly has an innovative research and development department, a state-of-the-art production facility and an experienced team of 130 employees.
This acquisition is expected to drive further growth of Holcim’s roofing business across Europe. “By expanding our range of roofing systems, we can play a greater role in providing innovative and sustainable solutions for energy-efficient buildings and contribute to the European Union’s Green Deal,” Jamie Gentoso, Global Head, Solutions & Products, is quoted as saying.
Holcim sees the German firm’s “innovation-driven approach” as an “excellent complement” to its existing umbrella business. With its strategic location in the Rhine-Neckar region, it complements other recent roofing and insulation acquisitions, he said.
The business will be expanded under the new name Holcim Technical Solutions & Products GmbH. As part of its “Strategy 2025 – Accelerating Green Growth”, Holcim aims to expand the Solutions & Products business to 30 percent of Group net sales by 2025 “and move into the most attractive segments of construction – from roofing systems to insulation and renovation”.