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James Hardie Sells Fermacell for €840 Million and Plans Fiber Cement Exit

7:48am on Friday 21st of August, 2026 AEST Building Materials
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James Hardie Sells Fermacell for €840 Million and Plans Fiber Cement Exit

7:48am on Friday 21st of August, 2026 AEST
Key Points
  • €840 million sale of Fermacell to Holcim
  • Closure of European fiber cement business
  • Accelerated deleveraging with $600 million debt repayment
  • Board authorises $250 million share repurchase program
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