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Firestone Building Products Acquired by LafargeHolcim

By Dale Gathright, Jr., 01/8/21 3:24 PM
NASHVILLE, TENNESSEE – LafargeHolcim has signed an agreement to acquire Firestone Building Products (FSBP). Firestone is a leader in commercial roofing and building envelope solutions based in the United States, with 2020 (est.) net sales of $1.8 billion dollars. Firestone’s Building Products plant in Prescott celebrated its 50th anniversary last year. This transaction is valued at $3.4 billion dollars, to be financed with cash and debt.Jan Jenisch, LafargeHolcim CEO: “I am excited to be entering the highly attractive roofing business. With Firestone Building Products we are strengthening our biggest market, the US, 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 & COO: “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.”

Firestone Building Products include cool roofs, insulation and waterproofing systems. With this acquisition LafargeHolcim will add 15 manufacturing facilities, 1,800 distribution points, and three R&D laboratories to its network. Upon completion of the sale, FSBP will continue to be headquartered in Nashville, Tennessee, and all 1,900 FSBP employees will transition to LafargeHolcim.

LafargeHolcim has four business segments: Cement, ready-mix concrete, aggregates, and solutions & products. The company operates a cement terminal in Hope and one of its former legacy operations was the Okay Cement Plant near Saratoga in southern Howard County. LafargeHolcim currently has that property for sale and listed with the Arkansas Economic Development Commission.