Freshfields Advises Holcim on Its $1.293 Billion Acquisition of Duro-Last
Freshfields is advising Holcim Group Services Ltd on its acquisition of Duro-Last, Inc., a US leader in commercial roofing systems headquartered in Saginaw, Michigan, for $1.293 billion. The acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth” with the goal to expand its Solutions & Products business to 30% of group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment. With this acquisition, Holcim roofing systems will exceed $4 billion in net sales ahead of schedule. The transaction is subject to customary closing conditions and is expected to close by Q2 2023. More details about the transaction can be found here.
This is the second deal Freshfields’ US team has done for Holcim in as many years. Freshfields previously advised Holcim on its acquisition of Herbert Malarkey Roofing Company.
The Freshfields team is led by M&A Partner Paul Tiger, Senior Associate Kelsey MacElroy and Associates Devony Schmidt, Chinyere Obi and Casey Hagen. Partner Mary Lehner and Associate Elizabeth Giordano are advising on antitrust matters. Partner Nicole Foster and Associates Jeff Anand and Brian Chung are advising on employee benefit matters. Partner Mena Kaplan, Senior associate Daniel Spencer and Associate Jennifer Lei are advising on IP matters. Partner Claude Stansbury and Associate Hannah Golden are advising on tax matters. Partner Kyle Lakin, Counsel Samantha Braunstein, Senior Associate Aino Makisalo and Associate Charlotte Dunn are advising on finance matters. Counsel Jeremiah Nelson is advising on real estate matters. Counsel Stephanie Brown Cripps and Associate Andrew Bulovsky are advising on anti-bribery and anti-corruption matters.
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