Sustainable building solutions provider Holcim announced the completion of the spin-off of Amrize, which is now operating as an independent, publicly traded company.

The spin-off was executed through a dividend-in-kind distribution, with shareholders receiving one Amrize share for each Holcim share held as of the close of business on June 20. Amrize shares will begin trading on the New York Stock Exchange (NYSE) and the SIX Swiss Exchange under the ticker symbol “AMRZ” starting June 23.

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Based in Chicago, IL, Amrize is a building solutions supplier with a network of over 1,000 sites and a distribution system serving customers across all U.S. states and Canadian provinces. The company employs approximately 19,000 team members who support every segment of the construction industry, from infrastructure and commercial to residential projects, including new builds, repairs and renovations.

In 2024, Amrize reported $11.7 billion in annual revenue and $3.2 billion in adjusted EBITDA, with strong margins and consistent cash conversion. Additionally, the company completed 36 acquisitions since 2018. As shared at its March investor day, Amrize said it will pursue above-market growth, margin expansion and strong cash generation, with a focus on reinvestment, strategic M&A and shareholder returns.

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“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,” Amrize Chairman and CEO Jan Jenisch said in a June 23 news release. “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 of North America and to unlock value for all stakeholders.”