NASHVILLE, Tenn. — Bridgestone Corp. has concluded the sale of its Firestone Building Products to Swiss building products firm LafargeHolcim Ltd.The $3.4 billion deal for the global player in flat-roofing systems was disclosed in early January and allows Bridgestone to reinvest the cash in…
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Bridgestone Completes Sale of Firestone Building Products to LafargeHolcim
April 1, 2021 GMT
NASHVILLE, Tenn., April 1, 2021 /PRNewswire/ Bridgestone Americas, Inc., a subsidiary of Bridgestone Corporation, has completed the sale of Firestone Building Products to Holcim Participations (US) Inc, a subsidiary of LafargeHolcim Ltd. (LafargeHolcim). The transaction, valued at USD $3.4 billion, will advance Bridgestone’s efforts to deliver value to customers and society as a global leader providing tires and advanced mobility solutions.
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“The completion of this sale is an important milestone on Bridgestone’s journey to become a sustainable solutions company,” said Paolo Ferrari, president, CEO & COO of Bridgestone Americas. “We are taking action to reshape our portfolio so that we can invest our resources to strengthen Bridgestone’s growing core tire business and qui
Brown Gibbons Lang & Company (BGL), a leading independent investment banking and financial advisory firm, has released a new industry report from its Industrials investment banking team on M&A trends in the Building Products sector. Companies are navigating the reverberations of a global pandemic, the silver lining of which has been the acceleration of home investment. (PRNewsfoto/Brown Gibbons Lang & Company)
The Housing market rebounded sharply in mid-2020 with strong fundamentals serving to anchor the Residential market. The Commercial market is strengthening with a full recovery in sight for 2022. Challenges borne from COVID-19 have reemphasized the need for portfolio diversification, supply chain control, and technology to increase scale and operational efficiencies, which will benefit the broader marketplace and drive mergers and acquisitions.
LafargeHolcim closes Firestone Building Products acquisition cemnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cemnet.com Daily Mail and Mail on Sunday newspapers.