LafargeHolcim, Zug, Switzerland, the world’s largest cement supplier, has signed an agreement to acquire Firestone Building Products, Nashville, Tenn., a leader in commercial roofing and building envelope solutions with estimated 2020 net sales of $1.8 billion, according to www.firestonebpco.com. The transaction is valued at $3.4 billion.
LafargeHolcim CEO Jan Jenisch said: “I am excited to be entering the highly attractive roofing business. With Firestone Building Products, we are strengthening our biggest market, the U.S., while also building a global growth and innovation platform for the company. Today’s milestone is a strategic leap on our journey to become the global leader in innovative and sustainable building solutions, to build a world that works for people and the planet. I have great respect for the high-caliber leadership and expertise of the Firestone Building Products’ team and look forward to welcoming them into the LafargeHolcim family.”
Bridgestone Americas President, CEO and COO Paolo Ferrari said: “This transaction will create new growth opportunities for Firestone Building Products and allow Bridgestone to focus its resources to further invest in the company’s tire business and rapidly growing mobility solutions business. Like Bridgestone, LafargeHolcim is a global company with a strong financial position and thriving culture. We know they will take great care of our Firestone Building Products employees and customers and ensure the business enjoys growth and success for many years to come.”
With this acquisition, LafargeHolcim will add 15 manufacturing facilities; 1,800 distribution points; and three research and development laboratories to its network. Once the sale is completed, Firestone Building Products will continue to be headquartered in Nashville, and all 1,900 employees will transition to LafargeHolcim.
