Swisspearl Group, a provider of building products, agreed to acquire Cembrit, a manufacturer of fiber-cement products, from Solix, a private equity firm, for $625m. "One of the great advantages of Swisspearl Group was and is that it continues to allow international subsidiaries to play to their strengths with self-confidence and self- determination. We will not change this, the headquarters will remain in Niederurnen. With Cembrit, we are gaining growth that will give us wings. It perfectly complements Swisspearl Group's existing market presence. After this acquisition, we are ready for further growth – including in geographical areas where our presence so far has been limited," Harry Bosshardt, Swisspearl CEO.