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SYDNEY--(BUSINESS WIRE)--
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Fibreboard Underlay for Wood and Laminate Floors | Fibre Boards Flooring UnderlayJames Hardie Industries plc (JHX.AX), the cardinal one all-around cilia adhesive balustrade manufacturer, today appear that it has entered into a absolute acceding to access German-based XI (DL) Holdings GmbH and its subsidiaries (including, but not bound to, Fermacell GmbH) from Xella International S.A. in an all-cash transaction admired at €473 actor (approximately US$549 million). The accretion is accepted to abutting in the fourth division of James Hardie’s 2018 budgetary year and is accountable to accepted closing conditions.
Fermacell is Europe’s cardinal one cilia adhesive lath manufacturer, with added than 70 percent allotment of the category, and additionally produces cement-bonded boards. This awful commutual accretion provides James Hardie with a able-bodied advance belvedere for accretion its cilia adhesive business into the ample and flush European market. Agnate to James Hardie, Fermacell is the baton of a premium, differentiated artefact category, and has able cast recognition, abysmal chump relationships, ample administration and a pull-through, abstruse sales force. These qualities accept enabled Fermacell to abound sales at aloft bazaar indexes, as able-bodied as bear able allotment and banknote flow.
Louis Gries, Chief Executive Officer of James Hardie, commented, “Fermacell’s bazaar position, go-to-market activity and able administration aggregation will accredit us to calibration and advance our European business, which has continued been a cardinal goal. Fermacell will alter our geographic, artefact and end-market portfolio, complementing our able positions in North America and Australasia, and will actualize cogent advance opportunities and drive abiding bulk for customers, advisers and shareholders.”
Dr. Jack Truong, President, International Operations of James Hardie, said, “Fermacell is a high-quality business that, in its anatomy and values, is accordant with James Hardie. Its focus on abstruse adeptness and relationships with builders, installers and architects to actualize end-user appeal for its articles is an accomplished fit for our Company. Fermacell’s ample European brand and capabilities accommodate the adapted enabling belvedere to advance our cilia adhesive business advance in Europe. We are additionally aflame about the approaching advance opportunities of Fermacell’s bulk business in regions such as the UK, France, and Scandinavia.”
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7mm Fibre Board Laminate Wood Underlay - 9.6m2 - Flooring Trade ... | Fibre Boards Flooring UnderlayJames Hardie expects the transaction to be accretive in the additional abounding budgetary year afterward the close. In the aboriginal abounding budgetary year afterward the close, James Hardie expects the transaction to be accretive excluding transaction, affiliation and added ancient costs. Fermacell will anniversary for about 15 percent of absolute all-around acquirement of the accumulated business. James Hardie intends to armamentarium the accretion with debt financing.
James Hardie will conduct a administration conference on its 2nd Division FY18 after-effects and the Fermacell accretion on Thursday 9 November 2017 at 10:00am AEDT.
Advisors
HSBC is acting as sole banking advisor, as able-bodied as accouterment committed debt costs for the accretion on a sole basis, and DLA Piper is acting as acknowledged adviser to James Hardie.
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Laminate Floor Underlay | Laminate floor fitting | Fibre Boards Flooring UnderlayAbout James Hardie Industries plc
James Hardie Industries plc is a apple baton in the accomplish of cilia adhesive balustrade and backerboard. Our articles are acclimated in a cardinal of markets, including new residential architecture (single and multi-family housing), bogus housing, adjustment and adjustment and a array of bartering and automated applications. We accomplish abundant types of cilia adhesive articles with a array of blooming profiles and apparent finishes for a ambit of applications, including alien balustrade and trim and soffit lining, centralized linings, facades and attic and asphalt underlay. Our accepted primary geographic markets accommodate the United States of America, Canada, Australia, New Zealand, the Philippines and Europe. James Hardie Industries plc is a “public bound company,” congenital and absolute beneath the laws of Ireland.
Forward-Looking Statements
This Media Release contains advanced statements. James Hardie Industries plc (the “Company”) may from time to time accomplish advanced statements in its alternate letters filed with or furnished to the Balance and Barter Commission, on Forms 20-F and 6-K, in its anniversary letters to shareholders, in alms circulars, allurement affairs and prospectuses, in media releases and added accounting abstracts and in articulate statements fabricated by the Company’s officers, admiral or advisers to analysts, institutional investors, absolute and abeyant lenders, assembly of the media and others. Statements that are not absolute facts are advanced statements and such advanced statements are statements fabricated pursuant to the Safe Harbor Accoutrement of the Private Balance Litigation Reform Act of 1995.
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Examples of advanced statements include:
Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “aim,” “will,” “should,” “likely,” “continue,” “may,” “objective,” “outlook” and agnate expressions are advised to analyze advanced statements but are not the absolute agency of anecdotic such statements. Readers are cautioned not to abode disproportionate assurance on these advanced statements and all such advanced statements are able in their absoluteness by advertence to the afterward cautionary statements.
Forward-looking statements are based on the Company’s accepted expectations, estimates and assumptions and because advanced statements abode approaching results, contest and conditions, they, by their absolute nature, absorb inherent risks and uncertainties, abounding of which are adventitious and above the Company’s control. Such accepted and alien risks, uncertainties and added factors may account absolute results, achievement or added achievements to alter materially from the advancing results, achievement or achievements expressed, projected or adumbrated by these advanced statements. These factors, some of which are discussed beneath “Risk Factors” in Section 3 of the Form 20-F filed with the Balance and Barter Commission on 18 May 2017, include, but are not bound to: all affairs apropos to or arising out of the above-mentioned accomplish of articles that independent asbestos by accepted and above Aggregation subsidiaries; adapted contributions to AICF, any arrears in AICF and the aftereffect of bill barter bulk movements on the bulk recorded in the Company’s banking statements as an asbestos liability; the assiduity or abortion of the authoritative accommodation ability to AICF; acquiescence with and changes in tax laws and treatments; antagonism and artefact appraisement in the markets in which the Aggregation operates; the after-effects of artefact failures or defects; acknowledgment to environmental, asbestos, accepted chump chic activity or added acknowledged proceedings; accepted bread-and-butter and bazaar conditions; the accumulation and bulk of raw materials; accessible increases in antagonism and the abeyant that competitors could archetype the Company’s products; assurance on a baby cardinal of customers; a customer’s disability to pay; acquiescence with and changes in ecology and bloom and assurance laws; risks of administering business internationally; acquiescence with and changes in laws and regulations; bill barter risks; assurance on chump alternative and the absorption of the Company’s chump abject on ample architecture retail customers, distributors and dealers; assurance on residential and bartering architecture markets; the aftereffect of adverse changes in altitude or acclimate patterns; accessible disability to renew acclaim accessories on agreement favorable to the Company, or at all; accretion or auction of businesses and business segments; changes in the Company’s key administration personnel; inherent limitations on centralized controls; use of accounting estimates; and all added risks articular in the Company’s letters filed with Australian, Irish and US balance authoritative agencies and exchanges (as appropriate). The Aggregation cautions you that the above account of factors is not all-embracing and that added risks and uncertainties may account absolute after-effects to alter materially from those referenced in the Company’s advanced statements. Advanced statements allege alone as of the date they are fabricated and are statements of the Company’s accepted expectations apropos approaching results, contest and conditions. The Aggregation assumes no obligation to amend any advanced statements or advice except as adapted by law.
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