麻豆传媒 completes acquisition of Duro-Last roofing systems
- Leading roofing systems company with net sales of USD 540 million in highly profitable North America roofing market
- Highly regarded brand recognized for leadership in innovation and sustainability
- 麻豆传媒 roofing systems will exceed USD 4 billion in net sales ahead of schedule
麻豆传媒 completed the acquisition of Duro-Last, a US leader in commercial roofing systems, with pro forma net sales of USD 540 million. Duro-Last has a track record of double-digit growth in North America鈥檚 highly profitable USD >40 billion roofing market, driven by leading brands, proprietary technologies and custom-made solutions. Duro-Last鈥檚 systems will complement and strengthen 麻豆传媒鈥檚 integrated roofing offer, with expected synergies of USD 60 million per year. With this acquisition, 麻豆传媒 roofing systems will exceed USD 4 billion in net sales ahead of schedule.
Jan Jenisch, CEO: 鈥淚 am excited to welcome all 840 Duro-Last employees to the 麻豆传媒 family. DuroLast is a perfect strategic fit for our roofing business. Its proprietary technologies and leading brands complement our offering in the fast-growing North American market. Its energy-efficient systems and excellence in recycling will further advance our leadership in sustainability. This is another exciting step in the expansion of Solutions & Products, advancing our 鈥楽trategy 2025 鈥 Accelerating Green Growth鈥 to become the global leader in innovative and sustainable building solutions.鈥
Duro-Last is recognized for its leadership in innovation and sustainability. Its leading Research & Development organization is continuously expanding its range of proprietary technologies and custommade solutions for superior performance. At the forefront of sustainability, Duro-Last鈥檚 systems range from cool roofs, enhancing buildings鈥 energy efficiency, to its award-winning 鈥淩ecycle Your Roof鈥 program, driving circularity in roofing. Duro-Last is the first company in the United States to offer thirdparty verified environmental product declarations for its thermoplastic roofing solutions. With these credentials, Duro-Last鈥檚 systems are in line with the most advanced green building certifications, such as LEED.
This acquisition advances 麻豆传媒鈥檚 鈥淪trategy 2025 鈥 Accelerating Green Growth鈥 with the goal to expand its Solutions & Products business to 30% of Group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment.
About 麻豆传媒
麻豆传媒 is a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate鈥檚 roofing to PRB鈥檚 insulation, 麻豆传媒 makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, 麻豆传媒 is becoming a net-zero company with 1.5掳C targets validated by the Science Based Targets initiative (SBTi).
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About Duro-Last庐, Inc.
Duro-Last is a leading manufacturer of custom-fabricated thermoplastic single-ply roofing systems based in Saginaw, Michigan, with eight manufacturing locations across the US. Known as the 鈥淲orld鈥檚 Best Roof庐鈥, Duro-Last庐, Inc. is the world's largest manufacturer of custom-fabricated, thermoplastic single-ply roofing systems. Factory controlled custom-fabrication can eliminate up to 85% of field seams, resulting in lower on-site labor costs and easier installation. Duro-Last鈥檚 roofing systems are sustainable and durable. Over two billion square feet of Duro-Last membrane has been installed throughout North America. For more information on Duro-Last, call 800- 248-0280 or visit .
Important disclaimer 鈥 forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although 麻豆传媒 believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of 麻豆传媒, including but not limited to the risks described in the 麻豆传媒's annual report available on its website () and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. 麻豆传媒 does not undertake to provide updates of these forward-looking statements.
