Mergers & Acquisitions ·
James Hardie Industries plc entered into a Share Purchase Agreement to sell its European fibre gypsum and…
JHXJames Hardie Industries plc
James Hardie Industries plc entered into a Share Purchase Agreement to sell its European fibre gypsum and cement-bonded products business (Fermacell) to Holcim for €840 million, subject to customary adjustments. The transaction is expected to close in the first half of 2027, pending antitrust approvals and employee consultations. Proceeds will accelerate deleveraging toward a net leverage target below 2.0x by September 30, 2027, with approximately $600 million allocated for debt repayment. Concurrently, the Board authorized a new $250 million share repurchase program. The Company also intends to wind down its European fiber cement operations prior to closing. James Hardie Industries plc is a leading provider of exterior home and outdoor living solutions, including fiber cement and composite decking products.