# Holcim acquires fiberglass mat facility in Maryland

Holcim acquired a state-of-the-art fiberglass mat facility near Hagerstown, Maryland, from an affiliate of Maryland Paper, to enhance its roofing business.

- Type: Acquisition
- Announced: 2023-01-23
- Where: near Hagerstown, Maryland, United States
- Value: $1.29B
- Status: announced
- Products: fiberglass mat, roofing shingles, insulation boards
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md) (acquirer)
- [Maryland Paper](https://endata.com/companies/68049.md) (partner)
- [Maryland Paper](https://endata.com/companies/68049.md) (target)
- [Duro-Last](https://endata.com/companies/68398.md) (target)

## Sources

- [holcim.com](https://www.holcim.com/media/media-releases/holcim-strengthens-roofing-business), 2023-01-23: "This acquisition is a perfect fit for our building envelope business."
- [cemnet.com](https://www.cemnet.com/News/story/174209/holcim-expands-presence-in-us-roofing-market.html), 2023-01-25: "This acquisition is a perfect fit for our building envelope business."
- [reuters.com](https://www.reuters.com/markets/deals/holcim-acquire-us-roofing-systems-firm-duro-last-129-bln-2023-02-07/), 2023-02-07: "Holcim AG, the world's biggest cement maker, has agreed to buy U.S. roofing systems manufacturer Duro-Last in a $1.29 billion deal."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/holcim-extends-m-a-drive-with-1-3-billion-us-roofing-deal), 2023-02-07: "The acquisition by Holcim appears small and expensive, albeit in line with its bold roof-system strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.