Holcim's Decarbonization Investments and M&A Synergies to Support Profitability; Raising Fair Value
The merger between Lafarge and Holcim in 2015 created the largest producer of building materials. Since then, the group has diversified its exposure to heavy building materials by establishing a $4 billion roofing business via several acquisitions. Its acquisitive strategy has been funded by divestments of cement businesses in emerging markets, notably in India, which was the group's second-largest geographic market. Portfolio management has tilted Holcim’s revenue contribution toward the US, where the group will list its North American business separately.