Holcim Acquires Mexican Hardware Retailer INDAR
The Switzerland-based cement giant Holcim announced it acquired the Mexican company INDAR, a leading hardware wholesaler. Holcim believes this move will strengthen its Mexican operations since INDAR has logistical advantages that can be incorporated into Holcim’s operation. The acquisition is the latest in the company’s series of recent acquisitions.
According to Holcim, INDAR is a relevant acquisition since it allowed it to incorporate more than 10,600 additional hardware products into its range of solutions across the Disensa retail network, a project that started operation in Mexico in 2015 and now has over 2,000 stores all over Latin America. “With its powerful logistics network and a focus on delivering service, quality and customer experience, INDAR will make a perfect fit with our Disensa network by strengthening its product range and value proposition. I look forward to welcoming INDAR’s 420 employees into the Holcim family as we reach our next era of growth together,” said Oliver Osswald, Latin American Division Head, Holcim.
According to Holcim, INDAR has been a leader in hardware distribution in Mexico’s Midwest for 35 years. In 2022, INDAR reported net sales of US$71 million. The company distributes a wide range of hardware from over 80 brands that cover roofing supplies, tools and adhesives, among other products sold to the construction industry. The acquisition includes INDAR’s nine distribution centers and its fulfillment center in Guadalajara, Jalisco.
The acquisition will increase Disensa's sales offer as well as open an additional sales channel for the company’s cement products, including ECOPlanet low-carbon cement and Gacoflex roofing. Additionally, it will support Holcim’s “Strategy 2025 - Accelerating Green Growth,” to expand sales from Holcim’s Solutions and Product business branch to 30% of the total group sales by 2025.
Holcim did not provide information regarding the transaction’s value or the acquisition conditions.
Holcim has been focused on expanding its roofing and aggregates business by acquiring various facilities and companies in Europe and the US since the beginning of 2023. One of its recent acquisitions on Jan. 5, 2023, was Chrono Chape, a leading French provider of on-site self-leveling screeds. Holcim also acquired Nicem, which operates in Italy and is a leading grounded calcium carbonate producer, on Jan. 10, 2023.
Holcim is a global leading company in the concrete and cement industry and operates in 70 countries. Over the past years, the company has been focusing on reducing its carbon footprint and developing a wide range of low-carbon and circular solutions.