Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
January 08, 2021 09:38 AM

LafargeHolcim in €3bn swoop for Firestone Building Products

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Zug, Switzerland – Construction materials and products group LafargeHolcim is to acquire Firestone Building Products (FBP) from Bridgestone, in a deal valued at $3.4 billion (€2.8 billion), the companies announced 7 Jan.

    US-based FBP is a supplier of roofing and building products with 2020 sales of around $1.8 billion and earnings (EBITDA) of $270 million. 

    The deal “will strengthen LafargeHolcim’s biggest market, the US, establishing a new growth profile, reaching $6 billion in annual net sales,” the LafargeHolcim stated. 

    LafargeHolcim will gain 15 manufacturing plants and three R&D laboratories. FBP will continue to be headquartered in Nashville, Tennessee, and all 1,900 employees will transition to the new owner.

    The Swiss buyer expects annual synergies of $110 million from the deal within two years of completion – expected in the second quarter.

    As well as leveraging opportunities for cross-selling and bolt-on acquisitions, LafargeHolcim also aims “to swiftly globalise the business, leveraging its European and Latin American footprint.”

    “We are strengthening our biggest market, the US, while also building a global growth and innovation platform,” said LafargeHolcim CEO Jan Jenisch.

    According to Jenisch, LafargeHolcim is “excited to be entering the highly attractive roofing market” – particularly the $50-billion global flat roof market. 

    For Paolo Ferrari, Bridgestone Americas president, CEO & COO, the sale will create new growth opportunities for FBP and allow Bridgestone to focus resources… [on its] tire business and rapidly growing mobility solutions business.” 
     

    RECOMMENDED FOR YOU
    GRI launches phase 2 of $100m speciality tire project
    GRI launches phase 2 of $100m speciality tire project
    India decides against extending carbon black duties
    India decides against extending carbon black duties
    ANRPC upgrades forecasts for rubber supply and demand
    ANRPC upgrades forecasts for rubber supply and demand
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac