James Hardie Announces Strategic Divestiture of European Operations, Including Sale of Fermacell to Holcim for €840 Million
Transaction expected to accelerate deleveraging, support return of capital to shareholders, and be accretive to margin profile and ROIC
Separately, the Company also intends to close European fiber cement business to enhance focus on core growth regions
Actions further align portfolio with Company’s long-term growth strategy
James Hardie Board authorizes $250 million share repurchase program
