Holcim Announces Plan to List North American Business in United States
Holcim announced its intent to list its North American business in the United States with a full capital market separation. The company stated that it expects “the process to create the leading pure-play building solutions company in the region.” Holcim, post U.S. listing of North America, is expected to remain within the Swiss Market Index and remain the leader in innovative and sustainable building solutions.
The company’s board has tasked Chairman and CEO Jan Jenisch to lead the planned U.S. listing of Holcim's North America business. Jenisch commented, "Holcim has reached a new level of financial performance and a superior earnings profile with industry-leading margins and a strong balance sheet. The success of our North American business makes it the leading pure-play building solutions company in the region. With a U.S. listing, we will unleash its full potential to be the partner of choice for our customers in one of the world's most attractive construction markets. As we fully capitalize on the region's infrastructure and construction boom, we will accelerate growth and unlock value for our stakeholders.