Firestone acquires GenFlex

Indianapolis-based Firestone Building Products Co. has acquired Maumee, Ohio-based GenFlex Building Products from OMNOVA Solutions Inc., Fairlawn, Ohio.

The acquisition will net OMNOVA about $40 million, and Firestone Building Products will acquire GenFlex Building Products' headquarters office; a thermoplastic membrane manufacturing plant in Muscle Shoals/Tuscumbia, Ala.; and a product distribution center in Columbus, Ohio.

GenFlex Building Products will operate as an independent business unit called GenFlex Roofing Systems, and its brand of roofing products will be offered by Firestone Building Products.