Holcim Acquires Xella for €1.85bn to Strengthen Sustainable Building Solutions Portfolio

Switzerland-based building materials giant Holcim has finalised an agreement to acquire Xella, a German producer of walling and insulation materials, in a deal valued at €1.85 billion. Xella is known for its wide range of building products, including Multipor insulation, which supports energy-efficient construction.

The acquisition is expected to deliver €60 million in EBITDA synergies within three years, driven by operational efficiencies, cross-selling, and expanded product integration. Holcim said the move aligns with its NextGen Growth 2030 strategy, which focuses on sustainable and innovative building solutions.

Chief Executive Miljan Gutovic described the acquisition as a “milestone” in Holcim’s ambition to become the leading partner for sustainable construction. “Xella will add to our customer offering in the highly attractive €12bn-plus walling market, with cross-selling and systems-selling opportunities,” he said.

The deal enhances Holcim’s position in the European building materials sector, particularly in walling and insulation systems. It also supports the company’s broader sustainability objectives, including reducing carbon emissions and promoting circular construction practices.

The transaction remains subject to customary regulatory approvals and is expected to close in the coming months.

Source: Holcim