James Hardie Industries has entered into a definitive agreement to sell its European fibre gypsum and cement-bonded products business to a subsidiary of Holcim Ltd. for €840 million. Concurrently, the company announced its Board of Directors has authorized a new $250 million share repurchase program. The company also plans to wind down its remaining European fiber cement operations as part of a strategic exit from the European market.
Key Details
- Transaction: Agreement to sell its European fibre gypsum and cement-bonded products business to Holcim Westbeteiligungs GmbH, a subsidiary of Holcim Ltd.
- Purchase Price: €840 million in cash, subject to customary adjustments for net debt and working capital.
- Timeline: The agreement was signed on August 20, 2026, and is expected to close in the first half of calendar year 2027, pending regulatory approvals.
- Share Repurchase: The Board of Directors authorized a new share repurchase program for up to $250 million USD, with the timing dependent on market conditions.