Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a provider of coating, adhesive, and sealant solutions with 2022 estimated net sales of $100 million, more than 150 employees, and with manufacturing plants in California, Arizona, Texas, Georgia, and Massachusetts. Holcim hopes PSNA will accelerate the growth of its Solutions & Products business lines, especially in waterproofing and coatings. Holcim expects PSNA to be highly complementary to Holcim’s existing building envelope business and it expects PSNA to generate significant synergies.
Jamie Gentoso, head Solutions & Products, said, “With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business. Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”
PSNA’s solutions are used in construction as well as other industries, such as aerospace composites and wind energy. PSNA is positioned to capitalize on high-growth areas, such as commercial re-roofing, green building, and energy efficiency. This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products, to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion for 2022.
For more information, visit: www.holcim.com.
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