Holcim Group Services Ltd: Holcim acquires Sivyer Logistics, leading recycler of construction and demolition waste in London

Holcim Group Services Ltd / Key word(s): Acquisition
Holcim acquires Sivyer Logistics, leading recycler of construction and demolition waste in London

05.04.2023 / 07:00 CET/CEST

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• Sivyer handles 1 million tons of materials per year
  
• Produces recycled construction and demolition waste for London construction market
  
• Advancing goal to recycle 10 million tons of construction and demolition waste by 2025

Holcim acquires Sivyer Logistics, a leading producer of recycled construction and demolition waste (CDW) for the London construction market. Sivyer currently handles roughly 1 million tons of materials per year, using state-of-the-art recycling and recovery technologies to recover over 500,000 tons of recycled aggregates and manufactured soils. The acquisition represents a further step toward driving circular construction to make cities more sustainable.

Miljan Gutovic, Region Head Europe: "Sivyer Logistics is an excellent addition to help us drive circular construction and reach our Group target of recycling 10 million tons of construction and demolition waste by 2025. I look forward to welcoming all employees of Sivyer Logistics and investing in our next era of growth together."

Sivyer Logistics was founded in 1862. With six facilities across the capital, Sivyer Logistics' services include waste management, vehicle logistics, manufactured soils, primary and recycled aggregates and ready-mix concrete.

The acquisition will advance the ambitious sustainability targets of Holcim's "Strategy 2025 - Accelerating Green Growth," especially its target to recycle 10 million tons of construction and demolition waste in its products by 2025.

About Holcim
Holcim is a global leader in innovative and sustainable building solutions. 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's 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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1601383 05.04.2023 CET/CEST