Holcim to acquire Xella from Lone Star Funds for €1.85bn.

Holcim, a building material company, agreed to acquire Xella, a European leader in sustainable and innovative walling systems, from Lone Star Funds, an investment firm advising funds that invest globally in private equity, credit and real estate, for €1.85bn ($2.15bn). “This strategic acquisition is a milestone in our vision to be the leading partner for sustainable construction, accelerating Holcim’s high-value Building Solutions in line with our NextGen Growth 2030 strategy. Xella will add to our customer offering in the highly attractive EUR 12bn+ walling market, with cross-selling and systems-selling opportunities. I look forward to welcoming Xella’s 4k employees," Miljan Gutovic, Holcim CEO.