Firestone Building Products Acquires Gaco Western
Building Products Co. LLC (Firestone) today announced its
acquisition of Gaco
Western (Gaco), a leader in innovative silicone roofing systems
and provider of top-tier waterproofing and spray foam insulation.
The deal, which includes all assets and operations held by Gaco,
closed April 3 after a definitive agreement was signed and
announced earlier this year.
The acquisition enhances Firestone's
leadership in commercial roofing and allows Firestone to introduce
even more options to customers with Gaco's silicone and acrylic
liquid coatings. The enhanced portfolio creates alternative
solutions when full roof tear-offs and rebuilds are not feasible,
and it presents contractors with new, cost-effective products
requiring easier and less labor-intensive installation.
"Combining the best of two iconic
brands - Firestone and Gaco - represents a new opportunity for
growth and long-term value as we aim to create new levels of
service and innovation in our industries," said Tim Dunn, president
of Firestone Building Products, Bridgestone Americas, Inc.
"Operations will immediately be 'business as usual' across all
teams as we begin bringing our portfolios, employees, best
practices and distribution platforms together to continue serving
as a total solutions provider for our collective
In addition to expanding Firestone's
roofing product portfolio with silicone polyurethanes, epoxies and
acrylic liquid coatings, the deal offers new positions in
commercial and residential sectors with decking and waterproofing
products that protect pedestrian surfaces, concrete, metal and
plywood, and open- and closed-cell foam products which protect and
Firestone Building Products is part
of Bridgestone Americas, the largest subsidiary of
Bridgestone Corp., the world's largest tire
and rubber company. Gaco products will continue to be sold under
the Gaco brand and will continue to be made at a state-of-the-art
manufacturing, research and development facility in Waukesha,
Financial details of the transaction
are not being disclosed.