Holcim To Buy Privately Held Belgian Firm Cantillana For Undisclosed Sum

The Holcim Group or LafargeHolcim (HCMLY.PK,HCMLF.PK), a Swiss building materials maker, said on Wednesday that it has inked a deal to acquire privately held Belgian specialty building solutions provider- Cantillana.

Financial terms of the deal have not been divulged.

"Cantillana's extensive experience in façade construction systems and external thermal insulation composite systems will further strengthen Holcim's position in building renovation and energy efficiency solutions," the acquirer said in a statement, adding that the transaction will complement its recent acquisitions.

With estimated net sales of 80 million euros for 2022, Cantillana has nine production sites in Belgium, France, Germany and the Netherlands.

The acquisition is expected to support Holcim's focus to expand its Solutions & Products business to 30 percent of the Group's net sales by 2025.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Three experimental physicists - Alain Aspect, John F. Clauser and Anton Zeilinger - have won this year's Nobel Prize for physics for their achievements in quantum mechanics. Announcing the winners in Stockholm Tuesday, the Royal Swedish Academy of Sciences said the coveted prize was awarded to the trio "for experiments with entangled photons, establishing the violation of Bell inequalities and pi The United States has announced that it will be imposing new round of sanctions this week on perpetrators of violence against peaceful protestors in Iran. The United States is also holding accountable Iranian officials and entities such as the Morality Police, that are responsible for employing violence to suppress civil society, President Joe Biden said in a statement. Biden said he is gravel Factory Orders, Job Openings, and Labor Turnover Survey might be the major highlights on Tuesday. Fed speeches also will get attention. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished broadly up and European shares are progressing. As...
Follow RTT