Holcim has successfully completed the acquisition of SES Foam, the biggest independent spray foam insulation company in the US, with 2022 estimated net sales of $200 million. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects.
Jamie Gentoso, Holcim Global Head Solutions & Products, said: “I warmly welcome all SES employees into the Holcim family. With SES’ leadership in thermal insulation, we are expanding our range of innovative systems for sustainable buildings, from roofing to insulation, to enhance buildings’ energy efficiency. We look forward to entering our next era of growth together.”
Founded in 2009 and based in Spring, Texas, SES has a history of innovation with solutions like SucraSeal, the first sucrose-based spray foam insulation to be certified by the US Department of Agriculture for its high bio-based content. SES offers superior products that improve buildings’ energy efficiency and thermal comfort while lowering their carbon footprint. The company stands out for its value-added services to contractors, including onsite technical instruction, business consulting, branding and lead generation support.
This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products to Malarkey Roofing Products. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion ($3.676bn) by 2022 end.
