v3.25.4

Acquisitions | 12 Months Ended
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Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisitions | Acquisitions Amrize strategically acquires companies in order to increase its footprint and offer products that diversify its existing offerings. Acquisitions of businesses are accounted for as business combinations using the acquisition method in accordance with ASC Topic 805, Business Combinations. The results of acquired businesses have been included in these consolidated financial statements beginning on the acquisition date. 2025 Acquisitions The Company completed the following three acquisitions in the year ended December 31, 2025 for total consideration of $98 million, net of cash acquired: •Northstar Concrete, a provider of ready-mix and concrete finishing solutions in Alberta, Canada (August 2025) •Langley Concrete, a provider of precast solutions and concrete pipes in British Columbia, Canada (May 2025) •Jamaica Aggregates Limited, an aggregates producer with sand and stone quarries in Jamaica, which is a joint venture that was previously accounted for as an equity method investment (January 2025). The operating results of these acquisitions are reported in the Building Materials segment. Pro forma financial information reflecting the effects of the acquisition for the year ended December 31, 2025 are not presented, as none of these business combinations, individually or in the aggregate, are material to the Company’s results of operations. The total consideration and the fair values of identifiable assets acquired and liabilities assumed, including immaterial measurement period adjustments related to these acquisitions were as follows:
(In millions) |  |  | Total 2025 Acquisitions
Total consideration |  |  | $98
Total Assets and Liabilities Acquired |  |  |
Inventories, net |  |  | 23
Property, plant and equipment, net |  |  | 43
Intangible assets |  |  | 20
Other current and noncurrent assets |  |  | 5
Debt assumed |  |  | (3)
Other current and noncurrent liabilities |  |  | (7)
Total identifiable net assets at fair value |  |  | 81
Goodwill |  |  | 17
Total estimated fair value of net assets |  |  | 98
Less: fair value of previously held equity method investment |  |  | (11)
Net consideration |  |  | $87
Acquisitions of business, net of cash acquired |  |  |
Cash consideration |  |  | $87
Less: cash and cash equivalents acquired |  |  | (1)
Total outflow in the statements of cash flows |  |  | $86
2024 Acquisitions The Company completed the following two acquisitions in the year ended December 31, 2024 for total consideration of $249 million, net of cash acquired: •OX Engineered Products (“OX”), a leader in advanced wall insulation and sheathing solutions with manufacturing facilities in the Midwest and Southeast of the United States (November 2024). The operating results of OX are included within the Building Envelope segment. •King William Sand & Gravel (“KWSG”), a sand and gravel deposit in the Central Virginia area (July 2024). KWSG is included within the Building Materials segment. The fair value of customer relationships is determined using the excess earnings method, which relies on various assumptions such as revenue growth rates, customer attrition rates and discount rates. The goodwill is attributable to the favorable presence of synergies, industrial know-how, assembled workforce and economies of scale expected from the acquisition. The goodwill recognized is largely deductible for income tax purposes. Pro forma financial information reflecting the effects of the acquisitions for the year ended December 31, 2024 is not presented, as none of these business combinations, individually or in the aggregate, are material to the Company’s results of operations. The total consideration and the fair values of identifiable assets acquired and liabilities assumed, including immaterial measurement period adjustments related to these acquisitions, were as follows:
(In millions) |  |  | Total 2024 Acquisitions
Total consideration |  |  | $251
Total Assets and Liabilities Acquired |  |  |
Cash and Cash Equivalents |  |  | 2
Inventories, net |  |  | 15
Property, plant and equipment, net |  |  | 46
Intangible assets |  |  | 94
Other current and noncurrent assets |  |  | 9
Deferred tax liabilities |  |  | (7)
Other current and noncurrent liabilities |  |  | (11)
Total identifiable net assets at fair value |  |  | 148
Goodwill |  |  | 103
Total estimated fair value of net assets |  |  | 251
Less: cash acquired |  |  | (2)
Net consideration |  |  | $249
Acquisitions of business, net of cash acquired |  |  |
Cash consideration |  |  | $251
Less: cash and cash equivalents acquired |  |  | (2)
Total outflow in the statements of cash flows |  |  | $249
2023 Acquisitions The Company completed five acquisitions in the year ended December 31, 2023 for total cash consideration of $1,607 million, net of cash acquired. Transaction fees and related costs incurred in connection with these acquisitions were $16 million for the year ended December 31, 2023 and have been included within Selling, general and administrative expenses on the consolidated statements of operations. On March 31, 2023, the Company acquired all of the outstanding ownership interests in Duro-Last, LLC, Critical Point, LLC, Oscoda Plastics, LLC, Plastatech Engineering Limited, LLC, Anvil Paints & Coatings, LLC and Tip-Top Screw Manufacturing, LLC (collectively, “Duro-Last”), a manufacturer of polyvinyl chloride roofing systems, for cash consideration of $1,303 million, net of cash acquired. As of December 31, 2023, the purchase price allocation was completed with no material refinements. T he fair value of the acquired receivables substantially equals the gross contractual amount to be collected. The fair value of customer relationships is determined using the excess earnings method, which relies on various assumptions such as revenue growth rates, customer attrition rates and discount rates. The goodwill arising from the acquisition amounts to $729 million. The goodwill is attributable to the favorable presence of synergies, industrial know-how, assembled workforce and economies of scale expected from the acquisition. The goodwill recognized is largely deductible for income tax purposes. Duro-Last contributed $362 million of revenues and $39 million of net income for the period from April 1, 2023 to December 31, 2023. In addition to Duro-Last, the Company acquired the following businesses during the year ended December 31, 2023: •Pioneer Landscape Centers, sand and aggregates quarries in the United States (January 2023) •Tezak Heavy Equipment, an aggregates producer in the United States (March 2023) •Westridge Quarries, an aggregates producer in Canada (April 2023) •Solhydroc Inc., a concrete producer in Canada (August 2023) The operating results of Duro-Last are reported in the Building Envelope segment. The operating results of the other businesses acquired during the year ended December 31, 2023 are reported in the Building Materials segment. Pro forma financial information reflecting the effects of the acquisitions for the year ended December 31, 2023 is not presented, as none of these business combinations, individually or in the aggregate, are material to the Company’s results of operations for this period. The fair value of identifiable assets acquired, liabilities assumed and consideration related to these acquisitions were as follows:
(In millions) | Duro-Last |  | Others |  | Total 2023 Acquisitions
Total consideration | $1,313 |  | $304 |  | $1,617
Total Assets and Liabilities Acquired |  |  |  |  |
Cash and cash equivalents | $10 |  | $— |  | $10
Accounts receivable | 64 |  | 10 |  | 74
Inventories | 52 |  | 15 |  | 67
Property, plant and equipment | 70 |  | 146 |  | 216
Operating lease right-of-use assets | 4 |  | — |  | 4
Intangible assets | 484 |  | 110 |  | 594
Other assets | 26 |  | 1 |  | 27
Accounts payable | (21) |  | (2) |  | (23)
Operating lease liabilities | (4) |  | — |  | (4)
Deferred income tax liabilities, net | (41) |  | (37) |  | (78)
Other liabilities | (60) |  | (22) |  | (82)
Total identifiable net assets at fair value | 584 |  | 221 |  | 805
Goodwill | 729 |  | 83 |  | 812
Total consideration | $1,313 |  | $304 |  | $1,617
Acquisitions of businesses, net of cash acquired |  |  |  |  |
Cash consideration | $1,313 |  | $304 |  | $1,617
Less: cash and cash equivalents acquired | (10) |  | — |  | (10)
Total outflow in the consolidated statements of cash flows | $1,303 |  | $304 |  | $1,607
The purchase price allocated to identifiable intangible assets was as follows:
(In millions) | Duro-Last |  | Others |  | Total 2023 Acquisitions |  | Weighted-Average Life (in years)
Customer relationships | $372 |  | $— |  | $372 |  | 16
Trade names and trademarks | 71 |  | — |  | 71 |  | 25
Developed technology | 41 |  | — |  | 41 |  | 20
Others | — |  | 110 |  | 110 |  | —
Total identified intangible assets | $484 |  | $110 |  | $594 |  |

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