Holcim Group Services Ltd: Holcim closes three bolt-on acquisitions in Europe for green growth

Holcim Group Services Ltd / Key word(s): Acquisition
Holcim closes three bolt-on acquisitions in Europe for green growth

12.01.2024 / 10:20 CET/CEST

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• Expanding Solutions & Products in Europe with value-accretive acquisitions
• Artepref positions Holcim in innovative precast solutions in Spain
• W.A.T.T. Recycling expands capabilities in Greece waste-to-energy sector
• Eco-Readymix offers entry into UK advanced mortar solutions market

Holcim has closed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain, Holcim has acquired a majority stake in Artepref S.A., a fast-growing leader in innovative precast concrete solutions. In Greece, Holcim has bought W.A.T.T. Recycling, a leading waste management company that produces alternative fuels. In the UK, Holcim has entered the advanced mortar solutions market through its acquisition of Eco-Readymix Ltd. All three value-accretive acquisitions contribute to Holcim's objective of expanding Solutions & Products to at least 30% of Net Sales by 2025, while leading in decarbonization as a driver of profitable growth.

Miljan Gutovic, Region Head Europe: "We are off to a strong start in 2024 with three strategic acquisitions. Fully in line with our strategy, they expand our range of innovative and sustainable solutions in high-growth markets. I warmly welcome employees of all three companies into the Holcim family to open our next chapter of green growth together."

Arterpref is a leader in innovative precast concrete structural systems for industrial, commercial and logistics applications. Through its acquisition of a majority stake, Holcim is entering the fast-growing, industrialized construction market in Spain. Artepref's smart design systems will add to Holcim's broad range of advanced low-carbon and circular solutions to build better with less.

W.A.T.T. Recycling is one of the fastest growing companies in Greece's waste-to-energy sector, offering a range of solutions to recover paper, plastics, metals, while also producing alternative fuels. Its two state-of-the-art material recovery facilities near Athens have a processing capacity of over 150,000 tons of municipal waste annually.

Eco-Readymix is a leader in advanced mortar solutions and concrete in northwest England, with two operational sites and one due to open. It offers a range of mortars along with ready mix concrete, liquid and traditional screed, concrete masonry blocks and aggregates. A leader in sustainability, its Wrexham site is almost entirely powered by renewable energy, from biomass to wind and solar.

About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 29.2 billion in 2022. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate roofing to PRB's insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5°C targets validated by the Science Based Targets initiative (SBTi).

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

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Important disclaimer - forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

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End of Media Release

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1813647 12.01.2024 CET/CEST