Holcim has signed an agreement to acquire FDT Flachdach Technologie GmbH (FDT)
Manuel Steinbacher, COO of FDT
Holcim is a leading provider of innovative and sustainable building solutions and one of the largest suppliers of roofing, walling and cladding systems under the Elevate brand, formerly known as Firestone Building Products. The merger with FDT will enable Elevate to expand its product portfolio and exploit the potential of the German market. At the same time, FDT will benefit from strategic support to further pursue its growth path.
FDT is a leading manufacturer of thermoplastic roofs with a strong presence in fast-growing European markets. As a technology and sustainability leader in its sector, FDT will complement Holcim’s integrated roofing offering and strengthen the company’s geographic footprint.
“We are very proud that we will soon be part of Holcim. The acquisition will expand our business with further solutions and products and we will become a leading global supplier of roofing systems. It’s an ideal combination to drive joint growth,” said Manuel Steinbacher, Chief Operating Officer of FDT.
FDT was founded in 1873 as “Schildkröt Werke” and is headquartered in Mannheim, Germany, with locations across Germany, France and Belgium. With its three product lines roofing membranes, light systems and acid protection, FDT offers cost-efficient, innovative and flexible solutions for waterproof roof systems that meet the highest quality standards in the industry. FDT is a sustainability leader and offers Environmental Product Declarations (EPDs) for its products and has a clear commitment to circularity with its participation in the recycling system ROOFCOLLECT.
This 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. The transaction is in line with Holcim’s commitment to strict financial discipline and is subject to customary conditions and regulatory clearance. It is expected to close in Q1 2023.