Over the weekend, Holcim, a Fortune Global 500 company and one of the largest construction material companies in the world, announced plans to spin off its U.S. division.
Holcim USA has been the largest, fastest growing, and most profitable part of the Switzerland-based company. On its own, the U.S. division will be the “leading pure-play North American building solutions company,” its parent company claimed. So why would Holcim want to spin off its crown jewel? The answer is simple: It’s in the shareholders’ interest, Holcim said.
If that makes you blink in confusion, you’re not the
only one. The era of globalization was meant to erase arbitrage and other hocus pocus between financial markets, limiting the variability in company valuations depending on where they’re listed.
But this part of globalization seems to have come to an end. Thanks to American growth and protectionism, it once again pays to be made and listed in the United States.
Just the start of the good news