Holcim’s Europe Head Says Firm Looking at 20 Small Acquisitions

Holcim Ltd., the world’s largest cement maker, is looking at another 20 bolt-on acquisitions this year, according to its Europe head, who doesn’t exclude another transformational deal.

Under Chief Executive Officer Jan Jenisch, Holcim has undertaken an acquisition spree, pivoting away from traditional cement to broaden its offering of building materials. At the same time, the company has exited cement activities in some emerging markets, including the sale of its Indian operations to billionaire Gautam Adani for $6.4 billion.