Swiss building materials producer expands in the USA with acquisition in the insulation sector
Building materials producer Holcim acquires OX Engineered Products in the USA, a company specialising in insulation systems. Its annual net sales total 136 million dollars.
Holcim is expanding its activities in the United States. According to a press release, the building materials producer headquartered in Zug has signed an agreement to acquire OX Engineered Products. The company, which is headquartered in Northville, Michigan, is a leading provider of advanced insulation systems for residential and commercial applications in the US, with net sales of USD 136 million in 2024, it added. The transaction is subject to customary US conditions and regulatory approvals.
“OX Engineered Products is the ideal complement to Holcim’s business in North America with its complementary offering of proprietary technologies and trusted brands,” Holcim CEO Miljan Gutovic is quoted as saying. “The premium solutions enable us to offer our customers in North America the full range of building envelope systems, from residential to commercial applications.” Proprietary technologies range from house wraps and structural sheathing to integrated insulation solutions. OX Engineered Products employs 210 people at its manufacturing facilities in the Midwest and Southeast.
With this acquisition, Holcim continues to expand its Solutions & Products division into the most attractive construction segments, from roofing and insulation to repair and renovation, according to the company statement.