Amrize has announced its debut as an independent, publicly traded company with the completion of its 100% spin-off from Holcim. Amrize shares began trading June 23 on the New York Stock Exchange and the SIX Swiss Exchange under the ticker symbol “AMRZ.ˮ
Amrize is the largest building solutions company focused exclusively on the North American market with more than 1,000 operational sites and more than 19,000 employees.
In May, Holcim shareholders approved the spin-off of Amrize from Holcim with a 99.75% vote in favor of the action. The spin-off is completed via the distribution of a dividend-in-kind of one Amrize share for every Holcim share owned as of the close of business June 20.
“This is an exciting day for all our teammates across North America as we begin our journey together as Amrize,” said Jan Jenisch, Amrize Chairman and CEO. “As an independent, publicly traded company, Amrize will capitalize on North Americaʼs attractive construction market driven by long term mega-trends from infrastructure modernization and onshoring of manufacturing to data center expansion and the opportunity to bridge the housing gap.
“It has been a privilege to be part of Holcim since 2017, and I thank the entire Holcim team for their outstanding performance and contributions over the years, including the exceptional execution of our spin-off creating two distinct, independent champions,” he continued. “I wish the Holcim team every success as they begin their next chapter.ˮ
