Construction materials group Holcim has completed its acquisition of US-based Malarkey Roofing Products.
Malarkey operates in the US residential roofing market, with projected 2022 net sales of US$600m and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of US$120m.
Holcim says Malarkey is recognised for its leadership in innovation and sustainability, and its business will expand Holcim’s range of roofing systems in the highly profitable US$19bn US residential roofing market.
Holcim said the acquisition, terms of which have not been disclosed, is a significant step for it to achieve US$4bn net sales in roofing by 2025, while accelerating the expansion of its solutions & products business.
Holcim CEO Jan Jenisch said: “I am excited to be welcoming all 600 Malarkey employees into the Holcim family. With their talent and expertise they have made Malarkey an undisputed leader in its field, recognised for excellence in quality, service, innovation and sustainability. Building on Malarkey’s legacy of over 60 years of success, I look forward to unleashing our next era of growth together.”
He added that the acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth” with the goal to expand its solutions & products business to 30% of group net sales by 2025, entering the most attractive construction segments, from roofing systems to insulation and renovation.
Malarkey Roofing Products was founded by Herbert Malarkey in 1956 and is headquartered in Portland, Oregon. It provides complete solutions for residential roofing, from shingles to ice and water barriers. With production facilities in Oregon, California and Oklahoma, Malarkey has a strong presence from the West to the South of the US. Holcim says Malarkey’s portfolio and footprint are highly complementary to its own Firestone Building Products business, expanding Holcim’s range of roofing solutions.
