Bridgestone Americas Inc. has reached an agreement to divest its Firestone Building Products unit, which produces commercial roofing and building envelope solutions. France-based LafargeHolcim Ltd. will acquire the business for $3.4 billion. LafargeHolcim is a leading global supplier of building materials, including cement and ready-mix concrete as well as roofing, with a focus on sustainable building solutions.
Jan Jenisch, LafargeHolcim CEO, said in a statement, “With Firestone Building Products we are strengthening our biggest market, the US, while also building a global growth and innovation platform for the company.”