# Holcim to acquire European roofs manufacturer FDT Flachdach Technologie
Published: 2023-02-16
Category: Headlines
Category URL: https://wealthtribune.com/category/headlines/
Meta Title: Holcim expands Solutions & Products business with FDT
Meta Description: Holcim, the world's largest cement maker, is expanding its Solutions & Products business with the acquisition of FDT, aiming to become a global leader
URL: https://wealthtribune.com/holcim-to-acquire-european-roofs-manufacturer-fdt-flachdach-technologie/

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ZURICH (Reuters) – Switzerland’s Holcim is to acquire thermoplastic roofs manufacturer FDT Flachdach Technologie GmbH, the world’s biggest cement maker said on Thursday.

“By acquiring FDT we are further expanding our Solutions & Products business to become a global leader in roofing systems,” Chief Executive Jan Jenisch said in a statement.

Holcim said the purchase, the latest in a string of recent acquisitions, will mean its roofing systems will exceed $4 billion in net sales ahead of schedule.

Headquartered in Germany, FDT is focused on European markets and had net sales of 50 million euros ($53.51 million) in 2022.

Holcim will purchase FDT from private equity company Mutares SE & Co, which is focused on company turnarounds.

The closing of the transaction is expected in the first quarter of 2023. The purchase price has not been disclosed.

($1 = 0.9345 euros)

(Reporting by Noele Illien; Editing by Jacqueline Wong and Janane Venkatraman)


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