Holcim Acquires Cand-Landi Group to Enhance Decarbonization and Circular Construction in Switzerland

Holcim Acquires Cand-Landi Group to Enhance Decarbonization and Circular Construction in Switzerland

(IN BRIEF) Holcim has acquired the Cand-Landi Group, a Swiss company known for its recycling, waste management, aggregates, and ready-mix operations, to boost decarbonization and circular construction efforts. With CHF 70 million in net sales and 250 employees, Cand-Landi will supply alternative raw materials and fuels to Holcim’s Eclépens plant, increasing recycling capacity by 100,000 tons annually. This acquisition enhances Holcim’s service offerings and supports its goal of decarbonizing operations in Switzerland.

(PRESS RELEASE) ZUG, 24-Jun-2024 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, announces that it has acquired the Cand-Landi Group, a prominent Swiss company specializing in recycling, waste management, aggregates, and ready-mix, to enhance its efforts in decarbonization and circular construction. With consolidated net sales of CHF 70 million and a workforce of 250 employees, Cand-Landi’s diverse operations will support Holcim’s Eclépens plant by providing alternative raw materials and fuels. This acquisition will also increase Holcim’s recycling capacity of construction demolition materials by 100,000 tons annually.

Miljan Gutovic, CEO of Holcim, emphasized the strategic importance of this acquisition: “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 family-owned business for 128 years, the Cand-Landi Group has been a leader in recycling in French-speaking Switzerland. The long-standing partnership between Holcim and Cand-Landi will now evolve into a more comprehensive service offering in construction, logistics, and the circular economy. The acquisition not only diversifies Holcim’s business portfolio but also aligns with its commitment to decarbonizing its operations, leveraging Cand-Landi’s high-value railway logistics services and extensive network.

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 1.5°C targets validated by SBTi.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

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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.

SOURCE: HOLCIM