The company builds and managers buy? π
What is happening behind the scenes at construction company Amrize? π $AMRZ π’
Amrize is a player in the construction and renovation sectors in North America. π§°
The company operates in two main areas: β
1οΈβ£ β Cement, concrete, and asphalt.
2οΈβ£ β Roofing systems, insulation, waterproofing, and advanced building materials.
The company's activity is very broad; it does not focus on one market, but also operates in infrastructure, housing, and commercial construction. π
What is interesting is that Amrize was spun off from its Swiss parent company Holcim. π
According to the company, the reason for this spin-off is the desire to focus on the American market. πΊπΈ
And to leverage new growth opportunities in North America. π
Who is behind the strategy:
Meet Jan Jenisch. π€
Who transitioned from CEO of Holcim to Chairman and CEO of Amrize. π
Jenisch is considered the figure behind Holcim's success and is described as the one who drove its financial achievements. π€
As part of our checks, we delved a bit into Jenisch's private LinkedIn account... π
With the aim of getting to know Jenisch a bit better and trying to locate interesting information about the activities of the man and Amrize, the company he leads in the United States. π
And here things started to get interesting:
Last weekend, we found that Jenisch opened his personal wallet and bought 60,000 shares of $AMRZ for $3,500,000 π
And that's not all; this is not Jenisch's first insider purchase. π
Just last August, Jenisch made 4 insider purchases totaling approximately $52,000,000. π΅
Jenisch is not the only insider buyer at Amrize - π
It appears that the entire top management of the company is joining the insider buying spree:
- Chief Financial Officer π
- General Counsel π
- Chief Technology Officer π
- Chief Supply Chain Officer π
- Head of Strategy, Acquisitions, and Mergers π
- Company President π
- Board Member π
The total insider purchases amount to $63,000,000 π΅
And we are monitoring π