Switzerland-headquartered building materials specialist, LafargeHolcim is acquiring US-based commercial roofing and building envelope solutions company, Firestone Building Products (FSBP) for US$ 3.4 billion. Founded in 1980, FSBP is a business unit of Bridgestone Americas and part of Tokyo-based tyre maker Bridgestone Corporation.
Paolo Ferrari, Bridgestone Americas President, CEO & COO commented, “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”.
The acquisition of FSBP is expected to strengthen LafargeHolcim’s biggest market, the US, establishing a new growth profile, reaching US$ 6 billion in annual net sales, the latter says , adding that it also expects to accelerate its leadership through cross-selling opportunities and further bolt-on acquisitions. LafargeHolcim also aims to swiftly globalise the business, leveraging its European and Latin American footprint.