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Firestone to Buy Gaco Western

Tuesday, February 21, 2017

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In a move aimed to increase its foothold in the building envelope industry, Firestone Building Products Company LLC says it reached an agreement to acquire Gaco Western, a manufacturer of silicone roofing systems, waterproofing and spray foam insulation products for a variety of commercial as well as residential applications.

Terms of the deal, announced Feb. 15, were not disclosed. The acquisition is anticipated to close before the end of the first quarter 2017, subject to regulatory approvals and other closing conditions.

About Gaco

Founded in 1955, Gaco is privately owned and headquartered in Seattle.

Vacation Village
Photos: Firestone Building Products / Gaco Western

Gaco Western's portfolio includes a variety of roof coatings and waterproofing products.

The company produces silicone polyurethanes, epoxies and acrylic liquid coatings for roofs; decking and waterproofing products that protect pedestrian surfaces, concrete, metal and plywood; and open- and closed-cell foam products which protect and insulate buildings. Its brands include GacoFlex, GacoRoofFoam and GacoWallFoam.

Gaco’s products are made at its manufacturing, research and development facility in Waukesha, Wisconsin.

Part of ‘Strategic Plan’

“This acquisition supports our strategic plan to penetrate high-growth adjacent product segments,” said Tim Dunn, president of Firestone Building Products.

“Adding Gaco’s product portfolio will expand our offering, broaden our customer base and reaffirm our commitment to being a total solutions provider.

“We are now also in a position to better capitalize on rapidly growing demand for liquid coating products and are excited about the opportunity to unearth the long-term value that exists in the combination of the two businesses,” Dunn said.

Joining the Team

In addition, Peter Davis, Gaco chairman and CEO, said, “Firestone is the clear leader within the roofing industry and has a strong vision for the broader building envelope—combining best-in-class service, product and innovation, with a substantial distribution platform.”

Gaco

Gaco’s products are made at its manufacturing, research and development facility in Waukesha, Wisconsin, while the company is headquartered in Seattle.

He noted that the company was excited to join the Firestone team as the deal would allow Gaco to “continue to drive R&D, deliver innovative products to our customers and offer additional career opportunities to our employees.”

Firestone Building Products is part of Bridgestone Americas, the largest subsidiary of Bridgestone Corporation, the world’s largest tire and rubber company.

   

Tagged categories: Acquisitions; Building envelope; Business matters; Mergers; Research and development; Roofing materials; Silicone; Waterproofing

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