Amrize Form 10 publicly filed with US Securities and Exchange Commission for planned spin-off
HOLCIM have today [28 February] taken an important step in the planned listing of their North American business, Amrize, with the public filing of a Form 10 registration statement with the US Securities and Exchange Commission (SEC). Following the planned spin-off, Amrize will be strongly positioned to become the largest building solutions company focused exclusively on the North American market.
Amrize have achieved a strong track record of profitable growth supported by their market-leading positions, value-accretive acquisitions, and focus on shareholder value creation. In 2024, Amrize generated US$11.7 billion of revenue with adjusted EBITDA of US$3.2 billion and an adjusted EBITDA margin of 27%. Amrize's historical financial statements have been prepared on a ‘carve-out’ basis under US GAAP and are available in the Form 10.
Jan Jenisch, chairman of Holcim, said: ‘Today’s filing marks an important step towards the planned listing of Amrize and our ambition to become North America’s leading building solutions company from foundation to rooftop. With our strong financial position and track record of profitable growth across all construction markets, we aim to be the partner of choice for our North American customers and unlock value for all stakeholders.’
Amrize are strongly positioned to capitalize on North America’s US$2 trillion of construction spending each year. The company’s two business segments, Building Materials and Building Envelope, will offer customers a broad range of building solutions from core materials such as cement, ready-mixed concrete, and aggregates to advanced envelope systems from roofing to insulation.
Growing their market-leading brands, from OneCem to Elevate, Amrize will serve all construction markets across infrastructure, commercial, and residential and from new build to repair and refurbishment. With 19,000 employees, and a leading footprint that includes operational headquarters in Chicago and a production and distribution network of more than 1,000 facilities, Amrize will serve all US states and Canadian provinces.
The Form 10, a SEC registration statement required to register Amrize shares ahead of the spin-off and trading on a US exchange, provides important information about Amrize’s operations, strategy, and market dynamics. It includes historical financial statements for Amrize prepared on a ‘carve-out’ basis under US GAAP for 2022 to 2024, and unaudited pro forma financial information for 2024. A copy of the Form 10 is available on Holcim’s spin-off investor webpage.
Holcim, who plan to host an Investor Day for Amrize on 25 March 2025 in New York City to present Amrize’s strategy, business plan, and capital allocation priorities, expect to complete the planned spin-off by the end of the first half of 2025, subject to customary approvals, including the Form 10 being declared effective by the SEC and final approval of the spin-off by Holcim shareholders at Holcim’s Annual General Meeting on 14 May 2025.
