Sustainable building solutions provider Holcim said it has completed its acquisition of the Polymers Sealants North America division of Illinois Tool Works.
Financial terms of the deal were not disclosed.
PSNA, which offers adhesive and sealant solutions, has 2022 estimated net sales of $100 million, according to a news release. The division also has more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts.
“With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business,” said Jamie Gentoso, head of Solutions & Products for Holcim. “Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”
Holcim said PSNA is positioned to capitalize on “high-growth areas such as commercial re-roofing, green building and energy efficiency.”
The latest acquisition adds to Holcim’s recent deals in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach $3.5 billion for 2022, the company said.