James Hardie sells Fermacell to Holcim for EUR 840 million
JHX•James Hardie agrees to sell Fermacell business
- James Hardie agreed to sell its European Fermacell walling and flooring business to Holcim for EUR 840 million in cash.
- The divestiture includes the fermacell and Aestuver brands.
- James Hardie plans to close its European fiber cement business, subject to employee consultation requirements.
- About USD 600 million of proceeds are earmarked for debt repayment; the board authorized a USD 250 million share repurchase program.
- Closing is targeted for the first half of 2027; Fermacell will remain led by Christian Claus.
