22 May 2025
Amrize is expected to be listed on the New York Stock Exchange and SIX Swiss Exchange in June
Zug, Switzerland – Holcim Ltd is spinning off its North American business into a new company named Amrize, following strong shareholder backing at its Annual General Meeting 14 May.
The move, approved by 99.75% of votes, includes a special dividend-in-kind that will grant investors one Amrize share for each Holcim share held.
Amrize is expected to be listed on the New York Stock Exchange and SIX Swiss Exchange in June under the ticker symbol AMRZ.
Holcim said the transaction is designed to be “a tax neutral restructuring for Swiss tax purposes and be tax-free for US federal income tax purposes.”
Holcim's North American business includes the former Firestone Building Products, which was acquired by Holcim in 2021 and was rebranded as Elevate.
The division reported net sales of $1.8 billion (€1.6 billion) in 2020, with Holcom targeting a revenue of $6 billion by 2026.
In addition to Elevate, Holcim's North American portfolio includes other brands such as Malarkey Roofing Products and Gaco, which produces silicone, foam, acrylic, and urethane waterproofing and insulation solutions.
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