M&A Deal Summary

Holcim Acquires Xella

On October 20, 2025, Holcim acquired building materials company Xella from Lone Star Funds for 1.9B EUR

Acquisition Highlights
  • This is Holcim’s 19th transaction in the Building Materials sector.
  • This is Holcim’s 2nd largest (disclosed) transaction.
  • This is Holcim’s 2nd transaction in Germany.

M&A Deal Summary

Date 2025-10-20
Target Xella
Sector Building Materials
Buyer(s) Holcim
Sellers(s) Lone Star Funds
Deal Type Add-on Acquisition
Deal Value 1.9B EUR

Target

Xella

Duisburg, Germany
Xella is an international solution provider in the field of building and insulation materials. It is the parent company of such well-known brands as Ytong, Silka, Hebel, and Multipor, and is a pioneer in digitally supported construction processes with its digital planning service blue.sprint. Xella is based in Duisburg, Germany.

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Buyer(S) 1

Buyer

Holcim

Zug, Switzerland

Category Company
Founded 1833
Sector Building Materials
Employees63,448
Revenue 26.4B CHF (2024)
DESCRIPTION

Holcim is a manufacturer and distributor of cement, aggregates and concrete. The companies products include Ductal, Easycrete, Chronolia, Speedcrete, FastTrack, Activia, Articimo, Thermicimo, etc. Holcim was founded in 1833 and is based in Zug, Switzerland.


DEAL STATS #
Overall 19 of 19
Sector: Building Materials M&A 19 of 19
Type: Add-on Acquisition M&A Deals 14 of 14
Country: Germany M&A 2 of 2
Year: 2025 M&A 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-04 Langley Concrete Group

Langley, British Columbia, Canada

Langley Concrete Group offers precast concrete solutions for infrastructure and construction projects. Langley Concrete Group is based in Langley, British Columbia.

Buy -

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 95.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 19 of 19
Sector: Building Materials M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Germany M&A 3 of 3
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 Hillenbrand

Batesville, Indiana, United States

Hillenbrand is a diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. The company's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture, and service highly engineered industrial equipment around the world. Hillenbrand was founded in 1906 and is based in Batesville, Indiana.

Buy $3.8B