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NASHVILLE, Tenn. Bridgestone Americas Inc. has reached an agreement to divest its Firestone Building Products unit. LafargeHolcim Ltd. will pay $3.4 billion to acquire the business, which provides commercial roofing and building envelope solutions throughout the U.S.
In a statement, Paolo Ferrari, Bridgestone Americas CEO, president and chief operating officer, said the strategic divestment of this unit will allow Nashville-based Bridgestone to better focus on its core tire and mobility businesses. 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, Ferrari said.
Bridgestone to sell Firestone Building Products unit for $3.4B
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NASHVILLE, Tenn. Bridgestone Americas Inc. has agreed to sell its Firestone Building Products unit in a $3.4 billion deal that will allow the tire maker to focus its resources on its core tire and emerging mobility solutions businesses.
LafargeHolcim Ltd., a Swiss building products company, is buying the business, which produces commercial roofing and building envelope solutions at 15 facilities throughout the U.S.
Paolo Ferrari, Bridgestone Americas CEO, president and chief operating officer, said the strategic divestment of this unit will allow Nashville-based Bridgestone to focus on its core tire and mobility businesses.