Holcim is taking an important step in the planned listing of its North American business with Amrize publicly filing its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). Following the planned spin-off, Amrize will be the largest building solutions company focused exclusively on the North American market. It will offer its customers a broad range of advanced building solutions from foundation to rooftop across all construction markets.
Amrize has achieved a strong track record of profitable growth supported by its market-leading positions, value accretive acquisitions and focus on shareholder value creation. In 2024, Amrize generated $11.7 billion of revenue1 with Adjusted EBITDA2 of $3.2 billion and an Adjusted EBITDA margin3 of 27%. The Amrize historical financial statements have been prepared on a “carve-out” basis under U.S. GAAP and are available in the Form 10.
Jan Jenisch, Chairman of Holcim: “Today’s filing marks an important step towards the planned listing of Amrize and our ambition to become North America’s leading building solutions company from foundation to rooftop. With our strong financial position and track record of profitable growth across all construction markets, we aim to be the partner of choice for our North American customers and unlock value for all stakeholders.”
Amrize is strongly positioned to capitalize on North America’s $2 trillion of construction spending each year. Its two business segments, Building Materials and Building Envelope, will offer customers a broad range of building solutions from core materials like cement, ready-mix concrete and aggregates to advanced envelope systems from roofing to insulation. Growing its market leading brands, from OneCem to Elevate, Amrize will serve all construction markets across infrastructure, commercial and residential and from new build to repair and refurbishment. With 19,000 employees, and a leading footprint that includes operational headquarters in Chicago and a production and distribution network of over 1,000 facilities, Amrize will serve all U.S. states and Canadian provinces.
The Form 10, a SEC registration statement required to register Amrize shares ahead of the spin-off and trading on a U.S. exchange, provides important information about Amrize’s operations, strategy and market dynamics. It includes the Amrize historical financial statements prepared on a “carve-out” basis under U.S. GAAP for 2022 to 2024, and unaudited pro forma financial information for 2024. A copy of the Form 10 is available on Holcim’s spin-off investor webpage (https://www.holcim.com/investors/listing-north-america-business-us) and has been
filed with the SEC, and is available at www.sec.gov. The Form 10 filed on February 28, 2025, is
subject to change and will be made final prior to the effective date.
Holcim plans to host an Investor Day for Amrize on March 25, 2025 in New York City to present Amrize’s strategy, business plan and capital allocation priorities.
Holcim expects to complete the planned spin-off by the end of the first half of 2025, subject tocustomary approvals, including the Form 10 being declared effective by the SEC and final
approval of the spin-off by Holcim shareholders at Holcim’s 2025 Annual General Meeting on May 14, 2025.
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 26.4 billion in 2024. Our 65,000 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.