Holcim CEO targets 15-20 acquisitions this year

Davos: Holcim would like to make 15 to 20 acquisitions this year Chief Executive Miljan Gutovic said on Tuesday, with the building materials company open to large deals.

"Last year we said we would acquire 15 to 20 companies, and this is the range we would like to operate at in the future," Gutovic told Reuters on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland.

Small companies with sales of 50 to 100 million Swiss francs would be considered, while potentially bigger sized targets could also be examined, Gutovic said.


"I am fully open, I am looking at the big deals, but there are some small to mid sized companies that are actually highly profitable and they are an excellent fit to our existing business," Gutovic said.