Sources: Amrize, Chicago; Holcim Ltd., Zug, Switzerland; CP staff
Officials of Amrize gathered at the New York Stock Exchange to mark their company’s spin-off from Holcim Ltd. and open June 23 session trading. The split was completed by distribution of a dividend-in-kind of one Amrize share for every Holcim share owned. To seal his move from Holcim chairman and chief executive officer to those same roles with Amrize, Jan Jenisch rang the NYSE Opening Bell, joined by leadership team members including the heads of the company’s two divisions, Building Materials President Jaime Hill and Building Envelope President Jake Gosa.
“As an independent, publicly traded company, Amrize will capitalize on North America’s attractive construction market driven by long term mega-trends from infrastructure modernization and onshoring of manufacturing to data center expansion and the opportunity to bridge the housing gap,” says Jenisch. “With our track record of profitable growth, market-leading operations and broad range of advanced building solutions, we are ideally positioned to be the partner of choice for the professional builders and to unlock value for all stakeholders.”
He and colleagues see Amrize as positioned to build North America with advanced branded solutions from foundation to rooftop, backed by 1,000-plus cement, aggregate, ready mixed or manufactured-concrete and roofing product sites and more than 19,000 team members serving customers in every U.S. state and Canadian province. The Building Materials and Building Envelope operations closed 2024 with $11.7 billion in sales.
The Amrize banner appears set to become the enterprise standard, succeeding all Holcim and Lafarge labels in U.S. and Canadian operations. The company will be based in Chicago in an office near the Holcim (US) headquarters. As an independent, public operator with shares traded on the NYSE and SIX Swiss Exchange, officials note, “Amrize will continue to deliver superior performance and value creation with above market growth, margin expansion and leading cash generation. It will pursue a growth-focused strategy with capital allocation prioritizing investments in the business, value accretive M&A and superior shareholder returns.”
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