Lafargeholcim finalizes the takeover of the American Firestone

Lafargeholcim has finalized the acquisition of the American Firestone Building Products. The operation of 3.4 billion dollars (about 3 billion francs) was unveiled in early January and allows to integrate the 1900 employees of the manufacturer of building roofs.

The closing of the acquisition, which occurred earlier than expected, follows the green light from the US authorities, the group said in a statement released Thursday.

Lafargeholcim CEO Jan Jenisch said he was ‘delighted by the solid growth prospects in the United States’, notably thanks to the investment program announced by US President Joe Biden.

Firestone Building Products, which has 15 production sites and 1,800 distribution points, generated net sales of $ 1.8 billion in 2020. The Nashville, Tennessee-based company enjoys solid growth prospects this year.

/ ATS

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