Holcim Ltd (SWX:HOLN) signed an agreement to acquire Duro-Last, Inc. from Burt family in a transaction valued at $1.3 billion on February 7, 2023. The transaction is subject to customary conditions and regulatory clearance in the United States. It is expected to close by Q2 2023.

Acquisition is EPS accretive from year one. Bank of America Corporation (NYSE:BAC) acted as financial advisor to Holcim Ltd (SWX:HOLN). BofA acted as exclusive buyside financial advisor to Holcim.

Raymond James Financial, Inc. acted as financial advisor to Duro-Last, Inc.