HCMLY - LafargeHolcim to acquire Firestone Building Products from Bridgestone Americas for $3.4B

LafargeHolcim (HCMLY) to acquire Firestone Building Products, a leader in commercial roofing and building envelope solutions based in the United States for $3.4B This transaction will be funded with cash and debt while maintaining net debt below 2x.Synergies of $110M per year are expected on a run-rate basis within two years of closing, which is expected in the Q2.The acquisition is accretive to earnings per share from the first year.The company plans to expand in Europe and Latin America to become the global leader in flat roofing systems.

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LafargeHolcim to acquire Firestone Building Products from Bridgestone Americas for $3.4B