Holcim to buy U.S. Malarkey Roofing Products in $1.35 billion deal

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BERLIN (Reuters) – Swiss building materials company Holcim (SIX:HOLN) said on Thursday it was to buy residential roofing maker Malarkey Roofing Products in a deal valued at $1.35 billion to expand into the growing U.S. residential roofing market.

Holcim said it expects the all-cash deal to generate annual synergies of $40 million from the third year after the transaction closes in the first quarter of 2022, and start adding to the group’s earnings from the first year.