For Holcim, this is not just an asset acquisition, but a step towards dominating the €250 billion building renovation market in Europe.
Xella Group is a European leader in sustainable wall and insulation systems. The seller is US-based Lone Star Funds, which invested in Xella in 2018. The acquisition value of the entire Xella Group is approximately €1.85 billion ($2.2 billion).
The takeover process is expected to be fully completed in the second half of 2026, once all necessary approvals have been obtained from the antitrust authorities in the various jurisdictions where the companies have a presence.
The merger will also take place in Moldova, combining the resources of the construction industry, if authorized by the Competition Council.
Both companies are active in the Moldovan construction market through imports and wholesale trade. Holcim is mainly represented by cement and ready-mix mortars (known for its plant in Rezina). Xella supplies the local market with high quality wall blocks and insulation systems under the Ytong, Silka, Hebel and Multipor brands.
To establish whether the economic concentration is in line with the normal competitive environment, the Moldovan Competition Council has already started analyzing the impact of this transaction on the wall materials market, as both companies import blocks produced in Romania through local distributors.
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