Holcim AG signed a definitive agreement to acquire Fermacell from James Hardie Industries. The cash consideration for the transaction totals €840 million, or approximately $980 million.
The deal expands Holcim’s European Building Solutions portfolio in walling, flooring, and fire protection. Fermacell specializes in high-performance fibre gypsum and cement-bonded boards. The target company projects net sales of approximately €430 million for 2026.
Holcim expects the acquisition to increase earnings per share within the first year. The company anticipates realizing €22 million in annual EBITDA synergies by the third year. The transaction remains subject to regulatory approvals and is expected to close in the first half of 2027.