Holcim Ltd - Zug, Switzerland-based building materials manufacturer - Buys a manufacturer of thermoplastic roofs with a strong presence in fast-growing European markets, FDT Flashdach Technologie GmbH, for an undisclosed amount. Says its net sales will exceed USD4 billion ahead of schedule with this acquisition.
In 2022, Mannheim, Germany-based FDT produced net sales of EUR50 million. Says the acquisition will compliment Holcim's integrated roofing offer and strengthen the "geographical footprint of the business".
Chief Executive Officer Jan Jenisch says: "By acquiring FDT we are further expanding our Solutions & Products business to become a global leader in roofing systems. Due to its leadership in technology and sustainability as well as its strong customer relationships, FDT will be a cornerstone of our continued expansion into the most attractive European roofing markets."
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By Xindi Wei, Alliance News reporter
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