James Hardie Industries plc 8K

James Hardie Industries is divesting its European Fermacell business to Holcim for €840 million, closing its European fiber cement operations, using proceeds to reduce debt and repurchase shares, and expects the deal to close in the first half of 2027.

On August 20, 2026, James Hardie Industries plc announced that it has entered into an agreement to divest its European operations by selling its Fermacell sustainable walling and flooring solutions business, including the fermacell and Aestuver brands, to Holcim for €840 million in cash and intends to close its remaining European fiber cement business, actions that are expected to accelerate deleveraging, enhance margins and ROIC, and support capital returns to shareholders, including a newly authorized $250 million share repurchase program, with approximately $600 million of proceeds earmarked for debt repayment and the Fermacell business to continue under the leadership of Christian Claus following an expected closing in the first half of 2027 subject to customary conditions and regulatory approvals.

Filing Facts

CIK

1159152

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-058265

Alert Tier

8