Holcim Extends M&A Drive With $1.3 Billion US Roofing Deal (1)

Holcim Ltd. agreed to buy Duro-Last Inc., a US maker of commercial roofing systems, in a deal valued at $1.3 billion.

Duro-Last has net sales of $540 million in the North American market and the acquisition will boost the Swiss cement producer’s net sales of roofing systems to more than $4 billion ahead of schedule, Holcim said Tuesday. The transaction will be value accretive from year one.

The acquisition by Holcim “appears small and expensive, albeit in line with its bold roof-system strategy,” Bloomberg Intelligence analysts wrote in a note Tuesday. It marks the latest in a string of ...