# Holcim to acquire European roofs manufacturer FDT Flachdach Technologie
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-02-16
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Holcim to Acquire Thermoplastic Roofs Manufacturer FDT
Meta Description: Switzerland's Holcim to acquire FDT Flachdach Technologie GmbH, expanding Solutions & Products business. Latest in series of acquisitions aims to
URL: https://financedigest.com/holcim-to-acquire-european-roofs-manufacturer-fdt-flachdach-technologiehtml

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ZURICH (Reuters) – Switzerland’s Holcim is to acquire thermoplastic roofs manufacturer FDT Flachdach Technologie GmbH, the world’s biggest cement maker said on Thursday.

“By acquiring FDT we are further expanding our Solutions & Products business to become a global leader in roofing systems,” Chief Executive Jan Jenisch said in a statement.

Holcim said the purchase, the latest in a string of recent acquisitions, will mean its roofing systems will exceed $4 billion in net sales ahead of schedule.

Headquartered in Germany, FDT is focused on [European markets](https://www.financedigest.com/explainer-why-european-money-market-funds-inflows-are-lagging-behind-the-u-s-torrent.html "Explainer-Why European money market funds inflows are lagging behind the U.S. torrent?") and had net sales of 50 million euros ($53.51 million) in 2022.

Holcim will purchase FDT from [private equity](https://www.financedigest.com/4-trends-that-will-have-a-major-impact-on-private-equity-in-2021.html "4 Trends that will have a major impact on private equity in 2021") company Mutares SE & Co, which is focused on company turnarounds.

The closing of the transaction is [expected in the first quarter](https://www.financedigest.com/food-group-danone-raises-2022-outlook-as-third-quarter-sales-beat-expectations.html "Food group Danone raises 2022 outlook as third-quarter sales beat expectations") of 2023. The purchase price has not been disclosed.

($1 = 0.9345 euros)

(Reporting by Noele Illien; Editing by Jacqueline Wong and Janane Venkatraman)


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