Lone Star Funds, a prominent investment firm with its principal office in London, UK, has announced the successful completion of the sale of Xella Group to Holcim. Xella is recognised as a leading provider of walling solutions, specialising in materials that support energy-efficient and sustainable construction practices across the entire house shell.
The transaction sees an affiliate of Lone Star Fund X, L.P. conclude its ownership of Xella, a period during which the building materials company significantly strengthened its market leadership, improved operational capabilities, and advanced its sustainability initiatives. Xella's portfolio includes well-known brands such as Ytong, Hebel, Silka, and Multipor, all contributing to innovative building materials.
Donald Quintin, Chief Executive Officer of Lone Star, expressed pride in Xella's achievements during their ownership. He stated that Lone Star actively supported substantial investments in the business and worked closely with Xella's management team to enhance its operational performance and position it for long-term growth. He extended gratitude to the entire Xella organisation for their dedication.
This acquisition by Holcim, described as a leading partner for sustainable construction, signals a strategic move to bolster its offerings in environmentally conscious building materials. The integration of Xella's efficient and sustainable walling solutions is expected to complement Holcim's existing portfolio, aligning with the growing global demand for green building practices.
Lone Star, which advises funds investing globally in private equity, credit, and real estate, has a history spanning over 30 years. Since its first fund in 1995, the firm has organised 26 private equity funds with aggregate capital commitments totalling approximately $96 billion, consistently seeking opportunities in complex situations.