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Holcim up on $1.35bn US roofing firm acquisition

By Jenni Reid

12:04, 23 December 2021

Holcim Group logo
Swiss building materials group Holcim will buy US family-owned business Malarkey Roofing Products – Photo: Pavlo Gonchar/SOPA Images/Sipa USA

Swiss building materials group Holcim (HOLN) got a share price boost on Thursday morning as it announced a takeover of US manufacturer Malarkey Roofing Products for $1.35bn in cash. 

HOLN stock was up 2.30% to CHF46.23 (£37.45) at midday on the SIX Swiss Exchange. 

The company described Portland-based Malarkey as a “proven growth engine in the highly profitable and growing US residential roofing market”.

Growth strategy

Holcim forecasts the deal will generate annual synergies of $40m by year three and accelerate growth in its solutions and products division to 30% of net sales by 2025. 

Family-owned Malarkey makes roughly $100m in annual earnings before interest, taxes, depreciation and amortisation (EBITDA) according to an October Bloomberg report, which said the company was exploring strategic options, including a sale that could value it at $1.5bn. 


2,048.53 Price
+1.680% 1D Chg, %
Long position overnight fee -0.0192%
Short position overnight fee 0.0110%
Overnight fee time 22:00 (UTC)
Spread 0.50

Oil - Crude

76.68 Price
+2.020% 1D Chg, %
Long position overnight fee -0.0187%
Short position overnight fee -0.0032%
Overnight fee time 22:00 (UTC)
Spread 0.030


16,039.90 Price
+0.480% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


38,034.25 Price
+2.380% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

For 2022 it has projected 2022 net sales of $600m and gross profit of $120m.

Holcim reported $25.13bn net sales and $3.98bn EBIT (earnings before interest and tax) in 2020, and saw 16.6% growth in its half-year 2021 results to $13.63bn, with record recurring EBIT, free cash flow and earnings per share.

The company signed seven bolt-on acquisitions through the first half as it expanded in Europe and North America, while divesting its operations in Zambia, Malawi and the Indian Ocean and selling its Brazilian division for a reported $1.02bn.

Read more: Holcim sells Brazilian division for over Read more: Holcim sells Brazilian division for over $1bnbn

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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