Holcim Ltd and Lafarge S.A. have completed their global merger and have launched LafargeHolcim, a world leader in the building materials industry.
All conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting in May. With the completion of the merger, the mandate of the new board of directors and of the new executive committee with Eric Olsen as chief executive became effective.
LafargeHolcim also unveiled its new logo and corporate identity which has been designed to demonstrate that Holcim and Lafarge have united to form one company, expressing the leadership and strength of the new group.
Industry benchmark LafargeHolcim board of directors cochairman Wolfgang Reitzle said LafargeHolcim had a unique business portfolio, was the industry benchmark in Research and Development, and offered its customers the widest range of innovative and value-adding products, services and solutions — from smallholders to large enterprises and most complex projects.
Co-chairman Bruno LaFont said the new company was built on the rich history and culture of Lafarge and Holcim and its teams.
“The merger has not only resulted in a larger and more global company, but brings about a unique set of complementary capabilities to capitalise on,” Mr LaFont said. “Under the leadership of Eric Olsen, the new group will foster a new operating model and create more value for all ourstakeholders.”