Holcim has signed an agreement to acquire Malarkey Roofing Products for $1.35 billion, to be financed with 100% cash. The transaction is expected to close in the first quarter of 2022.

Malarkey Roofing Products has a track record of double-digit growth in the highly profitable $19 billion U.S. residential roofing market. In a release, Holcim said Malarkey is fully complementary to Firestone Building Products’ leadership in the commercial segment, positioning Holcim as a full roofing provider. Holcim acquired Firestone Building Products in April 2021.

Jan Jenisch, CEO of Holcim, said the acquisition is a strong start to the company's "Strategy 2025 – Accelerating Green Growth" plan. The goal is to expand its solutions and products business to 30% of group net sales by 2025 by becoming a global leader in roofing systems.

“I congratulate the Malarkey family for what they have achieved and am committed to investing in the company’s continued success to unleash its next era of growth together," Jenisch said. "Our companies are highly complementary with many upsides. I am impressed by the Malarkey brand, the innovative technology, the great network of production facilities and, most importantly, purpose driven employees who are vital for the company’s sustainable growth and national expansion plan. I am excited to further strengthen the Malarkey brand and legacy and welcome all employees and sites into the Holcim family.”

Malarkey Roofing Products was founded by Herbert Malarkey in 1956 and is headquartered in Portland, Ore. It provides complete solutions for residential roofing needs from roofing shingles to ice and water barriers. With production facilities in Oregon, California and Oklahoma, Malarkey Roofing Products has a strong presence from the West to the South of the U.S. that is highly complementary with Firestone Building Products’ footprint.

"It’s a very exciting time for both brands,” said Gregory Malarkey, president of Malarkey Roofing. “To our employees, customers, partners, contractors, and friends, who continue to support our company and mission, thank you. You’ve witnessed first-hand the market’s rapid acceptance of our unique value proposition. With Holcim’s knowledge and resources, we can extend that value proposition to even more consumers. We’re just getting started.”

Synergies of $40 million per year are expected on a run-rate basis to be realized by year three. The acquisition is earnings per share accretive from the first year.

“With Malarkey Roofing Products we enter the highly profitable and fast-growing residential roofing market, driven by repair and refurbishment as well as shifting customer preferences towards more sustainable and resilient building materials," said Jamie Gentoso, global head of solutions and products. "With a track record of double-digit growth for the past 10 years, Malarkey is a proven growth engine for expanding our range of roofing systems from commercial to residential.”

The transaction is in line with Holcim’s commitment to strict financial discipline and is subject to customary conditions and regulatory clearance in the United States.

Holcim to Acquire Malarkey Roofing Products for $1.35 Billion

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Highland Roofing Company has been sold by founder Iain Fergusson and co-owner Rebecca Fergusson to Jeanette Omdalen and Jamie Schmidt.

Omdalen will assume the role of CEO and brings over a decade of management experience across a variety of industries, including manufacturing, financial services, and agriculture. Schmidt will assume the role of chief financial officer and has over a decade of financial experience across a variety of industries.

Founded 16 years ago and headquartered in Wilmington, N.C., Highland Roofing Company is a premier commercial roofing company. The company has installed, repaired and maintained roofs for most of Wilmington’s landmark facilities.

Highland has since expanded with an office in Raleigh, N.C., and is proud of the trust earned and the relationships built with leading general contractors, property management firms, large corporations, medical and multi-tenant retail clients throughout the Carolinas.

“I am very proud of what Highland has become, but it’s time for new leadership,” said Fergusson. “I consider myself very lucky to have found great new owners who are buying Highland for exactly what it is and plan to continue the company’s success and to build upon, and further improve the great culture and team I’m so proud to have developed over the years.”

Fergusson and Rebecca Fergusson will work together with Omdalen and Schmidt to ensure a smooth transition.

“We fell in love with Highland due to the team and culture,” said Omdalen. “Iain, Rebecca, and the Highland team have built a tremendous company, and we look forward to building on that foundation by continuing the Highlander Way, which means doing the right thing for Highland’s customers, partners, people, and the planet.”

Highland Roofing Company Announces New Ownership

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ABC Supply Co. Inc. Acquires the Assets of Siding Sales Inc.

BELOIT, Wis. — ABC Supply Co. Inc. has acquired the assets of Siding Sales Inc. in Kentucky. The acquisition includes Siding Sales Inc.’s locations at 587 Lovers Lane in Bowling Green, 3440 Edmonton Road in Glasgow and 151 Van House Lane in London.

The acquisition of Siding Sales Inc. allows ABC Supply to enhance its services in both existing and new markets and strengthen relationships with professional contractors across central and southern Kentucky. Associates at all three Siding Sales Inc. locations will join the ABC Supply team, providing an easy transition for existing customers.

“We couldn’t be more excited to have the talented individuals from Siding Sales Inc. join our team,” said Tom Kuchan, vice president of ABC Supply’s Northeast Region. “We’re confident that current associates and customers will quickly feel at home with ABC Supply. Contractors will also enjoy access to a wider selection of product options and delivery capabilities.”

With the acquisition, ABC Supply now has 11 locations in Kentucky. See all of ABC Supply’s locations here.

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AGAWAM, Mass. — OMG Roofing Products has promoted two of its field sales representatives to the position of key account managers for various strategic private label accounts.

In their new roles, Mark Parker, and Mohammed (Mo) Loutfi will use their selling, negotiation, communications, and business management skills to drive sales, loyalty, and long-term growth at specific OMG accounts. In this capacity, they will work closely with OMG’s purchasing, sales management, technical, marketing, and operations departments to support their activities.

Parker has more than seven years of sales experience and has been OMG’s territory manager for North and South Carolina since October of 2019. During his time at OMG, Parker has consistently been a high performer and has been recognized as his region’s leading territory manager.

Loutfi brings more than six years of sales experience to his new post, most recently as the territory manager for OMG in Northern Illinois and Wisconsin for the past three years. Loutfi has also demonstrated consistently strong sales since joining OMG and has year-to-date growth in his territory of more than 25%.

“We are very pleased to be transitioning these two strong leaders into key account roles,” said Monte Horst, vice president of sales and marketing for OMG Roofing Products. “Both are dedicated and talented managers who have excelled in their sales roles, and we are confident that they will continue to thrive in their new positions.”

Parker holds a bachelor’s degree from Longwood University in Farmville, Va. Loutfi holds a bachelor’s degree from Illinois State University in Normal, Ill.

OMG Promotes Two Sales Standouts to Key Account Management

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Richards Building Supply Acquires Ohio-Based SIBCO Building Products

HOMER GLEN, Ill. — Richards Building Supply Co., and SIBCO Building Products announced the agreement to purchase Dayton, Ohio-based SIBCO by Richards Building Supply.

“SIBCO was a natural choice for the addition to our portfolio with their commitment to service and family values,” said Ronald M. Guzior, CEO and president. “We want to thank our customers for trusting us to serve them. It’s because of them we are expanding into the greater Dayton area.”

SIBCO Building Products Inc. President Gary Lytle said Richards Building Supply has a passion for serving customers, solving problems, and doing right by their vendors and employees, which are important facts in the company’s decision to enter into the agreement.

“The addition of the Dayton, Ohio branch allows us to deliver even higher levels of support throughout the greater Dayton area and added convenience for our contractor customers,” said Cory Evans, regional vice president for Richards Building Supply.

Richards Building Supply Area Manager Bill Seech said they are open for business as of Dec. 16, 2021.