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Bridgestone reaches deal to divest Firestone Building Products

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.”

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