James Hardie to sell European operations, authorizes $250M buyback
James Hardie announces a strategic divestiture of European operations, including the sale of fermacell to Holcim for €840M, and says its board authorizes a $250M share repurchase program.
JHX James hardie announces strategic divestiture of European operations, including sale of fermacell to holcim for €840M James hardie industries Plc - James hardie board authorizes $250M share repurchase program James hardie industries - intends to close European fiber cement business - To sell fermacell to holcim for €840M - Board authorizes $250M share repurchase program - Deal expected to close in first half of 2027 - Deal expected to be accretive to margin profile and ROIC post-close James hardie industries Plc - approximately $600M of proceeds is expected to be used to repay debt James hardie industries Plc - transaction is expected to close in first half of calendar 2027