Building materials provider Holcim has completed the acquisition of the Cooper Standard Technical Rubber GmbH (CSTR), a manufacturer of highly durable and technical rubber products used for roofing systems.
Holcim says that CSTR – which is Located in Mannheim, Germany – offers an innovative R&D department, state-of-the art production facility as well as an experienced team of 130 employees, who will fuel further growth of the Holcim roofing business across Europe.
Jamie Gentoso, global head, solutions & products at Holcim, commented: “With CSTR we are further expanding our roofing platform in Europe. I warmly welcome all CSTR employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our roofing systems offering, we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings and contribute to the green deal of the European Union.”
Holcim says that CSTR’s innovation-driven approach is highly complementary to its own existing roofing business. With its strategically located production facility in the Rhine-Neckar area, CSTR adds to Holcim’s other recent acquisitions in roofing and insulation, notably FDT Flachdach Technologie GmbH, a leding manufacturer of thermoplastic roofs. Holcim says it will continue CSTR`s existing business activities and serve its existing customer base while expanding its business under the new name of Holcim Technical Solutions & Products.
The acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth”. The strategy aims to expand Holcim’s solutions & products business to 30% of group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation.
