Bridgestone Americas Inc., Nashville, Tenn., a subsidiary of Bridgestone Corp., has completed the sale of Firestone Building Products, Nashville, to Holcim Participations Inc., Chicago, a subsidiary of LafargeHolcim Ltd. The transaction is valued at $3.4 billion.
“The completion of this sale is an important milestone on Bridgestone’s journey to become a sustainable solutions company,” said Paolo Ferrari, president, CEO & chief operating officer of Bridgestone Americas. “We are taking action to reshape our portfolio so that we can invest our resources to strengthen Bridgestone’s growing core tire business and quickly expand our mobility solutions offering.”
With the acquisition, LafargeHolcim will add 15 manufacturing facilities; 1,800 distribution points; and three research and development laboratories to its network.
Firestone Building Products and LafargeHolcim serve commercial building customers and have a shared focus on delivering innovative and sustainable building solutions. Firestone Building Products employees have successfully transitioned to LafargeHolcim and will remain based in Nashville.
Date : Jan. 01, 0001