JONA (dpa-AFX) - Holcim has entered an agreement to acquire Izolbet, a leading player in the specialty building solutions market in Poland. Holcim said the acquisition will advance its 'Strategy 2025 - Accelerating Green Growth' with the goal to expand its Solutions & Products business to 30% of group net sales by 2025. Izolbet employs nearly 170 people and has four production plants.
Holcim noted that Izobet has delivered double-digit growth in sales and EBITDA over the last three years. The transaction is expected to close in the second half of 2022.
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