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James Hardie Industries will sell its European Fermacell business to Swiss building-materials company Holcim as it seeks to focus on higher-growth and higher-return markets.

CHICAGO--(BUSINESS WIRE)--James Hardie Industries plc (NYSE / ASX: JHX) (“James Hardie” or the “Company”), a leading provider of exterior home and outdoor living solutions, today announced a strategic divestiture of its European operations to further align the Company's portfolio with its long-term growth strategy. The Company has entered into an agreement to sell its sustainable walling and flooring solutions…

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