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Editorial: Against a backdrop of turmoil, M&A deals give glimpse of normalcy
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It s unlikely that anyone expected everything to return to normal once the calendar turned to 2021.
Nothing magically erased what the industry and world went through last year. The shameful events that occurred in Washington on Jan. 6 where a mob of armed President Trump supporters attacked the U.S. Capitol Building, disrupting the counting of the electoral votes from the 2020 presidential election and leaving destruction in their wake were a quick wakeup call that the New Year would start with much of the same difficulties and drama of 2020.
LafargeHolcim to acquire Firestone Building Products Written by Global Cement staff
12 January 2021
US: LafargeHolcim has signed an agreement to buy Firestone Building Products from Bridgestone Americas for US$3.4bn. The company said that the new subsidiary recorded estimated net sales of US$1.8bn and earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$270m. The group will finance the deal through cash and debt. It said that the acquisition is a milestone in its transformation to become the ‘global leader in innovative and sustainable building solutions.’
Chief Executive Officer Jan Jenisch said, “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 glo
LafargeHolcim enters aggregate business Star Business Report Star Business Report
Stocks of LafargeHolcim Bangladesh, a multinational cement maker listed with the Dhaka Stock Exchange (DSE), rose 9.80 per cent yesterday on news that it made a foray into the aggregate business.
Aggregate is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geo-synthetic aggregates.
LafargeHolcim Bangladesh commenced commercial production of clear-size graded aggregate last Saturday, the company said in a filing on the DSE.
The aggregate is graded limestone chips having uniform size and shape conforming to international standards, it said.