Divestiture/carve-outAug 20, 2026Pending
🇩🇪 Germany
FFermacell (James Hardie European sustainable walling and flooring business)HHolcim
Materials & Chemicals › Construction Materials
Enterprise value$980MEnterprise value · As stated in filing
AnnouncedAug 20, 2026
ConsiderationCash
StructureOther
RegionEurope
Cross-borderYes
Contingent paymentNo
Overview
James Hardie agreed to sell its Fermacell sustainable walling and flooring business in Europe, including the fermacell and Aestuver brands, to Holcim for €840 million in cash.
Deal rationale
The divestiture aligns James Hardie's portfolio with its long-term growth strategy and the proceeds will accelerate deleveraging and fund shareholder returns.
AI-generated from the SEC filingPendingMaterials & Chemicals › Construction MaterialsGermanyEurope
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $980M | Headline figure |
| Original currency | Enterprise €840M | As stated in filing |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
GSGoldman Sachs
Parties
Target
FFermacell (James Hardie European sustainable walling and flooring business)
- Headquarters
- Germany
- Ticker
- —
Acquirer
HHolcim
- Headquarters
- Switzerland
- Ticker
- —
Seller
JHJames Hardie Industries plc
- Headquarters
- —
- Ticker
- —