Building Materials Wild Ride Headed Toward Growth, M&A
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Hi all, it’s Kiel Porter in Chicago, bringing you a first look at a report by Lazard and Roland Berger examining the dynamics for the building products sector going forward. Elsewhere, AbbVie strikes another big deal while SpaceX’s valuation hits $175 billion.
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Investment in building products companies has been something of a roller coaster since the coronavirus pandemic hit, supercharging multiples and deal flow to record levels in 2021. That surge was led by transactions such as Home Depot’s $8 billion purchase of HD Supply and Holcim’s $3.4 billion purchase of Firestone Building Products.