Click here to read more about the partnership in Roofing Magazine.
By adding BILCO to our lineup, we enhance our commitment to offering top-tier, comprehensive solutions that meet our clients' needs for both quality and functionality. This partnership allows us to expand our offerings with industry-leading products, including roof hatches, automatic smoke vents, floor access doors, and more, further solidifying our dedication to supporting project success from start to finish.
We are thrilled to represent a company whose values align so closely with ours—innovation, reliability, and a client-first approach. Our clients can look forward to superior access solutions that elevate the standard of safety and performance in their projects.
Stay tuned for more updates as we integrate BILCO’s outstanding product line into our services. For more information about how BILCO’s offerings can enhance your next project, please reach out to us or visit our Contact Us page.
HOLCIM TO ACQUIRE DURO-LAST ROOFING SYSTEMS
- Leading roofing systems company with net sales of USD 540 million in highly profitable North America roofing market
- Highly regarded brand recognized for leadership in innovation and sustainability
- Synergies of USD 60 million, acquisition is EPS accretive from year one
- Holcim roofing systems will exceed USD 4 billion in net sales ahead of schedule
Holcim has signed an agreement to acquire Duro-Last, a US leader in commercial roofing systems, with pro forma net sales of USD 540 million. Duro-Last has a track record of double-digit growth in North America’s highly profitable USD >40 billion roofing market, driven by leading brands, proprietary technologies and custom-made solutions. Duro-Last’s systems will complement and strengthen Holcim’s integrated roofing offer, with expected synergies of USD 60 million per year.
This transaction is valued at USD 1,293 million, representing a pro-forma 2023 EBITDA multiple of 11.9x, or 7.4x after synergies. It is earnings per share (EPS) accretive from the first year. With this acquisition, Holcim roofing systems will exceed USD 4 billion in net sales ahead of schedule.
Jan Jenisch, CEO: “I’m excited to welcome Duro-Last into Holcim’s broad range of innovative and sustainable building solutions. Duro-Last is a perfect strategic fit for our roofing business. Its proprietary technologies and leading brands complement our offering in the fast-growing North American market. Its energy-efficient systems and excellence in recycling will further advance our leadership in sustainability. I congratulate the Burt family and its leadership team for developing such a thriving business, based on its strong customer relationships and most of all its empowered and dedicated people. I am excited to further strengthen the Duro-Last brand and welcome all 840 employees to the Holcim family.”
Tom Saeli, CEO of Duro-Last: “Over the past 45 years, our family business has continually reinvested in Duro-Last to create the solid, financially strong and well-recognized company we are today. We are delighted to be joining the Holcim family, which shares our core values, and we look to the future to accelerate our success. Holcim recognizes the opportunities at Duro-Last and we are confident it will support us in our future growth plans.”
Duro-Last is recognized for its leadership in innovation and sustainability. Its leading Research & Development organization is continuously expanding its range of proprietary technologies and custom-made solutions for superior performance. At the forefront of sustainability, Duro-Last’s systems range from cool roofs, enhancing buildings’ energy efficiency, to its award-winning “Recycle Your Roof” program, driving circularity in roofing. Duro-Last is the first company in the United States to offer third-party verified environmental product declarations for its thermoplastic roofing solutions. With these credentials, Duro-Last’s systems are in line with the most advanced green building certifications, such as LEED.
This acquisition advances Holcim’s “Strategy 2025 – Accelerating Green Growth” with the goal to expand its Solutions & Products business to 30% of Group net sales by 2025, entering the most attractive construction segments, from roofing and insulation to repair and refurbishment. The transaction is in line with Holcim’s commitment to strict financial discipline and is subject to customary conditions and regulatory clearance in the United States. It is expected to close by Q2 2023.
About Holcim
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Learn more about Holcim on www.holcim.com and by following us on LinkedIn.
About Duro-Last®, Inc.
Duro-Last is a leading manufacturer of custom-fabricated thermoplastic single-ply roofing systems based in Saginaw, Michigan, with eight manufacturing locations across the US. Known as the “World’s Best Roof®”, Duro-Last®, Inc. is the world's largest manufacturer of custom-fabricated, thermoplastic single-ply roofing systems. Factory controlled custom-fabrication can eliminate up to 85% of field seams, resulting in lower on-site labor costs and easier installation. Duro-Last’s roofing systems are sustainable and durable. Over two billion square feet of Duro-Last membrane has been installed throughout North America. For more information on Duro-Last, call 800-248-0280 or visit www.duro-last.com.
PIMA State Energy Code Fact Sheet
California Minimum Insulation Requirements for
Nonresidential and Multifamily Building Roofs (Low-Slope)
2022 Energy Code (effective January 1, 2023)
HOLCIM CLOSES POLYMERS SEALANTS NORTH AMERICA ACQUISITION
- Leading provider of coating, adhesive and sealant solutions with 2022 net sales of USD 100 million
- Expanded waterproofing and coating solutions deliver significant roofing synergies
- Accelerates Holcim’s growth in Solutions & Products to reach 30% of Group net sales by 2025
Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD 100 million. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary to Holcim’s existing building envelope business and is expected to generate significant synergies.
Jamie Gentoso, Head Solutions & Products: “With PSNA we are broadening our waterproofing and coatings offering while delivering significant synergies with our roofing business. Building on their proven engineering and technical expertise, we will accelerate new product development and leading solutions together. I warmly welcome all PSNA employees into the Holcim family and look forward to investing in this business’ next era of growth together. By expanding our building envelope offering, together we can play a bigger role in providing innovative and sustainable solutions for energy-efficient buildings.”
PSNA’s innovation-driven solutions are used in construction as well as other industries such as aerospace composites and wind energy. PSNA is ideally positioned to capitalize on high-growth areas such as commercial re-roofing, green building and energy efficiency. This transaction adds to Holcim’s other recent acquisitions in roofing and insulation, from Firestone Building Products, Malarkey Roofing Products to SES. Pro-forma net sales for Holcim’s roofing and insulation business are on track to reach CHF 3.5 billion for 2022.
About Holcim
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter
Firestone, a brand of premier roofing, wall, and lining systems you know and trust, will be coming to you under a new name: Elevate.
For more information go to https://www.holcimelevate.com/en.
Considering the centuries-long history of roof coatings, silicone might seem like a small part of the timeline. However, silicone has made quite the splash in its short lifetime. With a long list of impactful economic and environmental benefits, silicone has quickly become one of the most popular roofing solutions. Gaco is proud to have provided countless building owners with high-quality silicone roof coatings for the past 30 years.
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- Firestone, a premier provider of industry-leading roofing, wall and lining systems, is becoming Elevate™
- Elevate™ symbolizes Holcim's continued commitment to superior quality and innovation for advanced building solutions
- Firestone Building Products becomes Holcim's Building Envelope division, a key growth engine of its Solutions & Products business unit
- New group identity brings together some of the country's most trusted brands in the building sector.
NASHVILLE, Tenn., June 21, 2022 /PRNewswire/ -- Today, Firestone Building Products is proud to announce that it is adopting the Holcim name and brand identity, becoming the Holcim Building Envelope division of its Solutions & Products Business Unit. Firestone's iconic brand, a recognized industry leader in roofing, wall and lining systems, becomes Elevate™, symbolizing Holcim's continued commitment to deliver superior quality and innovation with advanced building solutions. Holcim's range of building envelope solutions includes wall, lining and waterproofing systems for commercial and residential applications. It unites some of the most trusted and high-quality brands in its sector including Gaco, GenFlex and Malarkey Roofing Products, as well as Elevate, the new brand name for Firestone roofing systems.
"Over the past 40 years, Firestone has built a reputation as a leader and innovator in the commercial roofing sector. And now we are making it official; we are uniting Firestone Building Products' iconic legacy with Holcim's future focus on accelerating green growth," said Jamie Gentoso, global head, Solutions & Products for Holcim. As we open this new chapter of growth with star brands from Elevate to Malarkey, I am committed to contributing to our customers' success with a rigorous focus on advanced solutions, superior quality and innovation."
ELEVATE
Firestone, a premier provider of industry-leading roofing, wall and lining systems, is becoming Elevate. Building on Firestone's iconic brand and legacy, Elevate represents Holcim's commitment to deliver superior quality and innovation with advanced building solutions. The Elevate brand will provide the highest quality products and solutions to solve the industry's shared challenges.
Under the new Elevate brand, the people, products and standards trusted in the industry will remain the same. Sales Representatives and distribution networks will continue to provide the same superior customer service and product support. Customers will see Elevate evolve as the brand name on trusted products like RubberGard™ EPDM and UltraPly™ TPO, all of which will remain in the market. Plus, the high-quality solutions, network of licensed applicators and industry-leading warranties will remain unchanged.
HOLCIM
Firestone Building Products is becoming the Holcim Building Envelope division within its Solutions & Products Business Unit. It unites a powerful portfolio of respected brands that provide breakthrough solutions for commercial and residential customers around the world. While the core of the company remains the same, Holcim's building envelope division will be committed to developing the highest quality products and processes globally—raising the standards of building solutions by ensuring they are both innovative and sustainable, while also addressing local needs.
"Together, Holcim and Elevate are committed to growing to new heights with our customers and partners," continued Gentoso. "We look forward to building our new future together!"
About Holcim
Firestone Building Products is becoming Holcim. Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the world's most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Strategic Building Products Hawaii moved to a new facility in May. Our move will help ensure support for the supply chain with increased inventories for products including Gaco Roofing & Waterproofing System, Firestone Metal Roofing System and Metal Era – ES-1 Edge System.
Located at 91-241 Kalaeloa Boulevard, the buildings include high cube warehousing, private air-conditioned office space. Located near the entrance to James Campbell Industrial Park, the property is easily accessible from all the industrial parks in the area, as well as all the benefits in the city of Kapolei.
-- Acquiring industry leader in commercial roofing and building envelope solutions to position it for continued growth
-- A milestone in the transformation of LafargeHolcim to become the global leader in innovative and sustainable building materials and solutions
-- Plans to expand in Europe and Latin America to become the global leader in flat roofing systems
-- Sale to enable Bridgestone to strengthen investments in company's tire business and fast-growing mobility solutions business
NEWS PROVIDED BY
Bridgestone Americas, Inc.
Jan 07, 2021, 08:00 ET
NASHVILLE, Tenn., Jan. 7, 2021 /PRNewswire/ -- LafargeHolcim has signed an agreement to acquire Firestone Building Products (FSBP), a leader in commercial roofing and building envelope solutions based in the United States (US), with 2020 (est.) net sales of USD 1.8 billion and EBITDA of USD 270 million. This acquisition is a milestone in LafargeHolcim's transformation to become the global leader in innovative and sustainable building solutions.
This transaction is valued at USD 3.4 billion, to be financed with cash and debt while maintaining net debt below 2x. Synergies of USD 110 million per year are expected on a run-rate basis within two years of closing, which is expected in the second quarter. The acquisition is earnings per share (EPS) accretive from the first year.
Jan Jenisch, LafargeHolcim CEO: "I am excited to be entering the highly attractive roofing business. With Firestone Building Products we are strengthening our biggest market, the US, while also building a global growth and innovation platform for the company. Today's milestone is a strategic leap on our journey to become the global leader in innovative and sustainable building solutions, to build a world that works for people and the planet. I have great respect for the high-caliber leadership and expertise of the Firestone Building Products' team and look forward to welcoming them into the LafargeHolcim family."
Paolo Ferrari, Bridgestone Americas President, CEO & COO: "This transaction will create new growth opportunities for Firestone Building Products and allow Bridgestone to focus its resources to further invest in the company's tire business and rapidly growing mobility solutions business. Like Bridgestone, LafargeHolcim is a global company with a strong financial position and thriving culture. We know they will take great care of our Firestone Building Products employees and customers, and ensure the business enjoys growth and success for many years to come."
Taylor Cole, Firestone Building Products President: "Today is a big moment for the Firestone Building Products team as we look forward to becoming part of the global leader in building materials and solutions. Together, we are in a prime position to accelerate our growth by combining Firestone Building Products' advanced technologies and know-how with LafargeHolcim's global scale and reach."
Founded in 1980, Firestone Building Products (FSBP) is a business unit of Bridgestone Americas and part of Tokyo-based Bridgestone Corporation, a global leader providing tires and sustainable mobility solutions that create social and customer value. The acquisition of FSBP will strengthen LafargeHolcim's biggest market, the US, establishing a new growth profile, reaching USD 6 billion in annual net sales. Building on FSBP's strong organic growth, LafargeHolcim expects to accelerate its leadership through cross-selling opportunities and further bolt-on acquisitions. LafargeHolcim also aims to swiftly globalize the business, leveraging its European and Latin American footprint.
Urbanization trends are accelerating the development of the flat roof market, currently estimated at around USD 50 billion globally. By entering this attractive new business, LafargeHolcim will deliver above-market growth, driven by innovative technologies and branding. It will also benefit from FSBP's position in the high-growth repair and refurbishment segment, accounting for the majority of its sales today.
With up to 60% of buildings' energy lost through roofs, FSBP plays an instrumental role in mitigating this process with its industry-leading technologies, including cool roofs, insulation and waterproofing systems. In addition, its green roofs contribute to more sustainable urban environments. These technologies complement LafargeHolcim's sustainable building solutions, from its ECOPact green concrete to its EcoLabel range, accelerating the company's net zero commitment. With this acquisition LafargeHolcim will add 15 manufacturing facilities, 1,800 distribution points, and three R&D laboratories to its network. Upon completion of the sale, FSBP will continue to be headquartered in Nashville, Tennessee, and all 1,900 FSBP employees will transition to LafargeHolcim.
About Bridgestone Americas, Inc.:
Nashville, Tennessee-based Bridgestone Americas, Inc. is a subsidiary of Bridgestone Corporation, a global leader providing sustainable mobility and advanced solutions. Bridgestone Americas develops, manufactures and markets a diverse portfolio of original equipment and replacement tires, tire-centric solutions, mobility solutions, and other rubber-associated and diversified products that deliver social value and customer value. Guided by its global corporate social responsibility commitment, Our Way to Serve, Bridgestone is dedicated to shaping a sustainable future of mobility and improving the way people move, live, work and play.
About Firestone Building Products:
Firestone Building Products Company, LLC is a leading manufacturer and supplier of trusted roofing and building envelope solutions. By taking the entire building envelope into consideration, Firestone Building Products meets individual customer and project needs for roofing, wall and lining solutions. Headquartered in Nashville, Tennessee, the company also offers outstanding technical services, an international network of roofing contractors, distributors and field sales representatives, and exceptional warranty protection. Products include commercial roofing systems, roofing accessories, green roofing systems and daylighting systems, vegetative roofing systems, metal wall panels, insulation, cavity wall construction, pond liners, geomembranes and silicone and acrylic liquid coatings. Firestone Building Products Company, LLC is a subsidiary of Bridgestone Americas, Inc.
About LafargeHolcim:
As the world's global leader in building solutions, LafargeHolcim is reinventing how the world builds to make it greener and smarter for all. On its way to becoming a net zero company, LafargeHolcim offers global solutions such as ECOPact, enabling carbon-neutral construction. With its circular business model, the company is a global leader in recycling waste as a source of energy and raw materials through products like Susteno, its leading circular cement. Innovation and digitalization are at the core of the company's strategy, with more than half of its R&D projects dedicated to greener solutions. LafargeHolcim's 70,000 employees are committed to improving quality of life across more than 70 markets through its four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products. More information is available on www.lafargeholcim.com
Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although LafargeHolcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of LafargeHolcim, including but not limited to the risks described in the LafargeHolcim's annual report available on its website (www.lafargeholcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. LafargeHolcim does not undertake to provide updates of these forward-looking statements.
This document contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).
SOURCE Bridgestone Americas, Inc.
CONTACT: Rachel Withers, 615-300-3904, WithersRachel@bfusa.com
Related Links
http://www.bridgestoneamericas.com
Firestone’s new Tan (HR) UltraPly TPO color has been slightly changed to be in compliance with higher reflectivity codes. Our new Tan (HR) UltraPly TPO features the same formulation & benefits of the original Tan membrane, but now with 15% improved Solar Reflectivity. The new membrane color meets California’s Title 24 rigorous requirement for reflectivity, and will also be eligible for the LEED v4/v4.1 sustainable heat island effect credit. Tan (HR) UltraPly TPO membrane and accessories will fully replace the original UltraPly Tan color TPO membrane and accessories effective December 31, 2020.
The new product information and transition plan is listed as follows:
Launch Date:
- December 31, 2020
In Scope Products:
- UltraPly TPO Membrane & Accessories
New Naming Convention:
- Tan (HR) UltraPly TPO
Product Enhancements:
- 3 yr Rapid Rating % improvements vs. original Tan UltraPly TPO:
- 15% greater Solar Reflectance
- 7% greater Thermal Emittance
- 22% greater Solar Reflectance Index (SRI)
Title 24 Compliant:
- LEED v4/v4.1 sustainable heat island effect credit eligible
SKUs:
- Tan (HR) membrane & accessories will have all new material #’s and product descriptions
Tan Product Transition Plan:
- Tan (HR) will fully cannibalize the current Tan membrane and accessories
- Former Tan membrane and accessories will transition to a “discontinue with inventory designation” in SAP
- Former Tan membrane will then transition to “discontinued” status once all the inventory is depleted in SAP
Download the PDF for Tan (HR) UltraPly™ TPO Material Numbers