Holcim acquires Polish HM Factory
The building materials group Holcim acquires the Polish manufacturer of precast concrete elements, HM Factory. With this new acquisition, Holcim is expanding its market position in Poland as well as in Scandinavia.
Holcim has acquired HM Factory, a Polish manufacturer of prefabricated building elements. According to a media release, the Zug-based company intends to benefit from the Polish company’s technological and sustainable solutions in the field of residential and industrial construction. With the company acquisition, Holcim is also taking over HM Factory’s Polish and Scandinavian markets as well as the Polish company’s 70 employees.
HM Factory is a company located near Warsaw with annual net sales of CHF 18 million. Its production profile includes prefabricated walls, staircases and balconies. Economical use of materials and innovative designs using 3D printing technology reportedly enable sustainable production.
“HM Factory is a perfect complement to our existing operations and offers numerous technological and raw material synergies,” Miljan Gutovic, Holcim regional head for Europe, is quoted as saying in the statement. Holcim will benefit from the green experience and highly effective modular technology of HM Factory employees, he said.