Holcim acquires Cand-Landi Group to accelerate decarbonization and
circularity in Switzerland
Holcim Group Services Ltd / Key word(s): Acquisition
Holcim acquires Cand-Landi Group to accelerate decarbonization
and circularity in Switzerland
24.06.2024 / 07:00 CET/CEST
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* Cand-Landi Group's businesses range from recycling and waste
management to aggregates and ready-mix
* Advances decarbonization with new sources of alternative raw
materials and alternative fuels
* Leading circular construction company in Western Switzerland
Holcim acquires the Cand-Landi Group in Switzerland to advance
decarbonization and circular construction. With consolidated net
sales of CHF 70 million and 250 employees, Cand-Landi's
diversified businesses range from recycling and waste management
to aggregates and ready-mix. The acquisition will accelerate
decarbonization at Holcim's Eclépens plant by providing new
sources of alternative raw materials and alternative fuels. It
also increases by 100,000 tons a year Holcim's recycling of
construction demolition materials into new building solutions.
Miljan Gutovic, CEO of Holcim: "The acquisition of the Cand-Landi
Group will advance decarbonization and circularity in
Switzerland, a lighthouse market for innovation at Holcim. I look
forward to welcoming all 250 employees of the Cand-Landi Group
and investing in our next chapter of growth together."
A leader in recycling for French-speaking Switzerland, the
Cand-Landi Group has been family-owned for 128 years. Following a
successful partnership between Holcim and Cand-Landi for many
years, the acquisition will provide customers with even more
comprehensive solutions in construction, logistics and the
circular economy. With its high value-add railway logistics
services and network, Cand-Landi diversifies Holcim's business
while also contributing to its goal of decarbonizing its own
operations.
About Holcim
Holcim is a global leader in innovative and sustainable building
solutions with net sales of CHF 27.0 billion in 2023. Driven by
our purpose to build progress for people and the planet, our
63,448 employees are on a mission to decarbonize building, while
improving living standards for all. We empower our customers
across all regions to build better with less, with a broad range
of low-carbon and circular solutions, from ECOPact and ECOPlanet
to our circular technology platform ECOCycle®. Through innovative
systems, from Elevate roofing to PRB insulation, Holcim makes
buildings more sustainable in use, driving energy efficiency and
green retrofitting. With sustainability at the core of our
strategy, we are on the way to becoming a net-zero company with
1.5C targets validated by SBTi.
Learn more about Holcim on www.holcim.com, and by following us on
LinkedIn.
Sign up for Holcim's Building Progress newsletter here and follow
our journey to a net-zero future.
Important disclaimer - forward-looking statements:
This document contains forward-looking statements. Such
forward-looking statements do not constitute forecasts regarding
results or any other performance indicator, but rather trends or
targets, as the case may be, including with respect to plans,
initiatives, events, products, solutions and services, their
development and potential. Although Holcim believes that the
expectations reflected in such forward-looking statements are
based on reasonable assumptions as at the time of publishing this
document, investors are cautioned that these statements are not
guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are difficult to
predict and generally beyond the control of Holcim, including but
not limited to the risks described in the Holcim's annual report
available on its website (www.holcim.com) and uncertainties
related to the market conditions and the implementation of our
plans. Accordingly, we caution you against relying on
forward-looking statements. Holcim does not undertake to provide
updates of these forward-looking statements.
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End of Media Release
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1930953 24.06.2024 CET/CEST