Holcim Acquires SES Foam

June 22, 2022

Holcim has agreed to acquire SES Foam (SES Foam LLC), the largest independent spray-foam insulation company in the United States, expanding Holcim’s Solutions & Products roofing and insulation business. The deal, which closed July 29, 2022, was a sale by Tenex Capital Management and brings SES’s sustainable, bio-based spray-foam capabilities and ~USD 200m 2022 net sales into Holcim’s portfolio to support its Strategy 2025 growth objectives.

Buyers
Holcim
Targets
SES Foam LLC
Sellers
Tenex Capital Management
Location
Texas, United States
Transaction Type
Buyout

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