James Hardie Selling European Fermacell Business for $980 Million to Holcim

James Hardie will sell its European walling and flooring business, Fermacell, to Holcim for €840m. The company plans to close its European fibre cement business, focusing on North America. Proceeds will repay debt and fund a $250m share repurchase program. Holcim expects the deal to be earnings-accretive from 2027.

James Hardie (JHX) agreed to sell its European Fermacell business to Holcim (HLB.F) for €840M. The deal is expected to close in H1 2027 and is projected to be accretive to margins. James Hardie also announced a $250M share buyback. Holcim expects the acquisition to be EPS accretive in year one and generate €22M in EBITDA synergies by year three.

James Hardie Industries is selling its Fermacell business in Europe to Holcim for €840 million ($1.38 billion) and exiting the region. The company will focus on its North American operations. According to James Hardie, the deal marks the end of its nine-year ownership of Fermacell.

James Hardie (JHX) is selling its European operations, including Fermacell, to Holcim (HOLN) for €840 million. The company will also close its European fiber cement business. Proceeds will be used to repay debt and fund a $250 million share buyback program. The deal is expected to close in early 2027.

James Hardie agreed to sell Fermacell to Holcim for €840M, expected to close in H1 2027. The deal aims to reduce debt, boost returns, and focus on core growth regions. James Hardie will also close its European fiber cement business. Proceeds will support deleveraging and shareholder returns, according to the company.

Simply Wall St reports James Hardie Industries (ASX:JHX) posted strong fiscal Q1 results, citing better fiber cement sales and an expanded Boise Cascade distribution partnership. It says the company raised full-year 2027 and Q2 2027 revenue guidance. The article compares A$43.84 shares with fair value estimates of A$35.59 and a DCF value of A$59.07.