The Australian building products giant is selling a German business acquired in 2017 as it abandons the region for higher-growth prospects in North America.

(Bloomberg) -- Holcim Ltd. is acquiring part of the European business of James Hardie Industries Plc for €840 million ($981 million), expanding its building, sustainable flooring…

James Hardie Announces Strategic Divestiture of European Operations, Including Sale of Fermacell to Holcim for €840 Million