LafargeHolcim Successfully Closes Firestone Building Products Acquisition
01 Avril 2021 - 7:00AM
Business Wire
- LafargeHolcim welcomes the whole Firestone Building Products
team of 1,900 employees
- Strong outlook for Firestone Building Products in 2021
confirmed with results to date above expectations and encouraging
trends ahead
- Milestone in the transformation of LafargeHolcim to become
the global leader in innovative and sustainable building materials
and solutions
Regulatory News:
LafargeHolcim (Paris:LHN) announces that its Holcim
Participations (US) Inc. subsidiary has successfully completed the
acquisition of Firestone Building Products, following all
regulatory approvals. The transaction closed earlier than expected
due to smooth collaboration with Bridgestone and all 1,900
employees will be joining LafargeHolcim.
Jan Jenisch, LafargeHolcim CEO: “I warmly welcome the Firestone
Building Products team into the LafargeHolcim family. Together, we
will lead this iconic company’s next era of growth to become the
global leader in flat roofing systems. As we expand its leadership
in the US to Europe and Latin America, I want the world to know
that “NOBODY COVERS YOU BETTER” than Firestone.
I am excited about the strong growth prospects, accelerated by
the many opportunities from President Biden’s ‘Build Back Better’
plan. With its leading roofing systems, Firestone Building Products
makes us a partner of choice from rooftop to foundation. This truly
is a milestone for LafargeHolcim as we become the global leader in
innovative and sustainable building solutions.”
Taylor Cole, Firestone Building Products President: “Today opens
an exciting new era in Firestone Building Products’ rich history.
The Firestone Building Products team is thrilled to join the
LafargeHolcim family. Together, we are in a prime position to
accelerate our growth by combining Firestone Building Products’
advanced technologies and know-how with LafargeHolcim’s global
scale and reach.”
Firestone Building Products is the market leader in commercial
roofing and building envelope solutions in the United States with
net sales above USD 1.8 billion in 2020, 15 manufacturing
facilities, 1,800 distribution points and three R&D
laboratories. Firestone Building Products will remain headquartered
in Nashville, Tennessee.
Additional information
ABOUT LAFARGEHOLCIM
As the world’s global leader in building solutions,
LafargeHolcim is reinventing how the world builds to make it
greener and smarter for all. On its way to becoming a net zero
company, LafargeHolcim offers global solutions such as ECOPact,
enabling carbon-neutral construction and Firestone roofing systems
for higher energy-efficiency in buildings. With its circular
business model, the company is a global leader in recycling waste
as a source of energy and raw materials through products like
Susteno, its leading circular cement. Innovation and digitalization
are at the core of the company’s strategy, with more than half of
its R&D projects dedicated to greener solutions.
LafargeHolcim’s 70,000 employees are committed to improving quality
of life across more than 70 markets through its four business
segments: Cement, Ready-Mix Concrete, Aggregates and Solutions
& Products. More information is available on
www.lafargeholcim.com
ABOUT Firestone Building
Products
Firestone Building Products Company, LLC is a leading
manufacturer and supplier of trusted roofing and building envelope
solutions. By taking the entire building envelope into
consideration, Firestone Building Products meets individual
customer and project needs for roofing, wall and lining solutions.
Headquartered in Nashville, Tennessee, the company also offers
outstanding technical services, an international network of roofing
contractors, distributors and field sales representatives, and
exceptional warranty protection. Products include commercial
roofing systems, roofing accessories, green roofing systems and
daylighting systems, vegetative roofing systems, metal wall panels,
insulation, cavity wall construction, pond liners, geomembranes and
silicone and acrylic liquid coatings. Firestone Building Products
Company, LLC is a member of the LafargeHolcim Group.
Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such
forward-looking statements do not constitute forecasts regarding
results or any other performance indicator, but rather trends or
targets, as the case may be, including with respect to plans,
initiatives, events, products, solutions and services, their
development and potential. Although LafargeHolcim believes that the
expectations reflected in such forward-looking statements are based
on reasonable assumptions as at the time of publishing this
document, investors are cautioned that these statements are not
guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are difficult to
predict and generally beyond the control of LafargeHolcim,
including but not limited to the risks described in the
LafargeHolcim's annual report available on its website
(www.lafargeholcim.com) and uncertainties related to the market
conditions and the implementation of our plans. Accordingly, we
caution you against relying on forward-looking statements.
LafargeHolcim does not undertake to provide updates of these
forward-looking statements.
This document contains inside information within the meaning of
the Market Abuse Regulation (EU) (No 596/2014).
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