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LafargeHolcim expanding into roofing business

By |  January 7, 2021

LafargeHolcim-logoLafargeHolcim signed an agreement to acquire Firestone Building Products (FSBP), a commercial roofing and building envelope solutions company based in the U.S.

According to LafargeHolcim, FSBP had estimated 2020 net sales of about $1.8 billion and EBITDA (earnings before interest, tax, depreciation and amortization) of about $270 million.

According to LafargeHolcim, the deal is worth $3.4 billion.

“I am excited to be entering the highly attractive roofing business,” says Jan Jenisch, LafargeHolcim CEO. “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.”

Paolo Ferrari, Bridgestone Americas president, CEO and COO, also commented on the deal.

“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,” Ferrari says. “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.”

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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