As anticipated by the market, LafargeHolcim has signed an agreement to acquire Firestone Building Products, a light-side materials player in commercial roofing and building envelope solutions based in the US, with FY20 estimated net sales of $1.8bn and EBITDA of $270m. This transaction is valued at $3.4bn (~12.5x EV/EBITDA), which, in our opinion, is not very expensive. The company sees high growth opportunities in this business through bolt-ons in the US and footprint expansion in LatAm and Eur ....
07 Jan 2021
LafargeHolcim embracing the light-side
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LafargeHolcim embracing the light-side
As anticipated by the market, LafargeHolcim has signed an agreement to acquire Firestone Building Products, a light-side materials player in commercial roofing and building envelope solutions based in the US, with FY20 estimated net sales of $1.8bn and EBITDA of $270m. This transaction is valued at $3.4bn (~12.5x EV/EBITDA), which, in our opinion, is not very expensive. The company sees high growth opportunities in this business through bolt-ons in the US and footprint expansion in LatAm and Eur ....