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Tag: Firestone Building Products

  • Holcim acquires market leader in USA

    Holcim acquires market leader in USA

    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.

  • Holcim achieves record results

    Holcim achieves record results

    Holcim AG posted record results in the first half of 2021. The building materials manufacturer from Zug achieved an operating profit of 1.98 billion Swiss francs. That is 66 percent more than in the same period last year, according to a press release .

    Net sales of CHF 12.55 billion were also 17.4 percent, well above the previous year. Holcim had to accept major losses in the Corona crisis. “Around this time last year, I said that Holcim would emerge stronger from this crisis. These half-year results prove it ”, CEO Jan Jenisch is quoted in the media release.

    The acquisitions of seven companies by Holcim also contributed to the good result. The most recent takeover of roof and pond waterproofing system manufacturer Firestone Building Products saw a 21 percent increase in volume in demand. Due to this positive business development, the company is adjusting its expectations for adjusted operating profit in the current year to 18 percent.

  • LafargeHolcim reports record high quarterly results

    LafargeHolcim reports record high quarterly results

    According to a release from LafargeHolcim , the globally active Zug-based building materials group generated net sales of CHF 5.36 billion in the first quarter of 2021. In a year-on-year comparison and adjusted for portfolio changes, this corresponds to growth of 7.4 percent. The recurring operating result at EBIT level rose in the same period on a comparable basis by 130.7 percent to 528 million Swiss francs.

    "I am pleased to announce that we made an excellent start to the year with a record high Q1 result," said Group CEO Jan Jenisch in the announcement. "We are thus continuing our strong growth trajectory of the last few quarters."

    Jenisch expects to be able to strengthen the growth dynamic with the acquisition of Firestone Building Products , which was completed in the reporting quarter. The American company, which specializes in building envelopes and roof systems and is based in Nashville, Tennessee, had annual sales of $ 1.8 billion in 2020. The successful integration of the new acquisition should enable LafargeHolcim to achieve its targets for 2022 in the current financial year. Specifically, on a comparable basis, the Group is aiming for a growth in net sales of 3 to 5 percent and an increase in recurring EBIT of at least 10 percent.

    LafargeHolcim can also point to success in the area of sustainability. The group was named the most sustainable company in the construction industry by Vigeo-Eiris, according to the announcement. The rating agency for the environment, social affairs and governance has given LafargeHolcim the top grade A1 +. In addition, ten environmentally friendly products from the group, including the sustainable concrete from the ECOPact series, were recognized by the Solar Impulse Foundation . hs

  • LafargeHolcim is on course for recovery

    LafargeHolcim is on course for recovery

    According to a release from LafargeHolcim , the Zug-based building materials group generated total sales of CHF 23.14 billion in the 2020 financial year. In a year-on-year comparison, this corresponds to a decrease of 13.4 percent. The recurring operating profit at EBIT level was 3.68 billion Swiss francs, 10.4 percent below the previous year's figure. Consolidated profit fell by 7.5 percent compared to 2019 to 1.90 billion Swiss francs.

    "2020 was an extraordinary year for everyone, which we have not yet experienced in this form", Jan Jenisch is quoted in the communication. According to the CEO, LafargeHolcim has proven its resilience during the crisis. In the fourth quarter of 2020 the company "returned to the growth path". Specifically, sales and recurring operating profit increased by 1.5 and 14.1 percent on a comparable basis compared to the previous year.

    For the current year, LafargeHolcim is aiming for a growth in recurring operating income of at least 7 percent on a comparable basis. The takeover of the American manufacturer of roof systems and building envelopes, Firestone Building Products , which was announced in January, should contribute to this. As part of the acquisition, LafargeHolcim is creating a new position for global management of the Solutions & Products segment. She will be taken over by the current CEO of US Cement, Jamie Gentoso.

    In order to streamline the group organization, LafargeHolcim is also merging the regions Europe and the Middle East and Africa into one region EMEA, is further explained in the press release. The current head of Middle East and Africa, Miljan Gutovic, will take over the management of EMEA. The previous head of Europe, Marcel Cobuz, has decided to leave the group, writes LafargeHolcim.