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Firestone Completes Gaco Deal

Wednesday, April 5, 2017

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Less than two months after first announcing its plan to acquire Gaco Western, Firestone Building Products Company LLC has completed the deal.

The transaction, which closed Monday (April 3), increases Firestone’s foothold in the commercial roofing and building-envelope industry.

Gaco
Firestone Building Products / Gaco Western

The acquisition was first announced in February. It closed April 3.

Gaco Western is a Seattle-based manufacturer of silicone roofing systems, waterproofing and spray foam insulation products for a variety of commercial as well as residential applications. Its brands include GacoFlex, GacoRoofFoam and GacoWallFoam.

The acquisition included all assets and operations of Gaco. Financial terms were not disclosed.

Uniting Portfolios

“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, Firestone president. “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 customers.”

According to the companies, Gaco products will continue to be sold under the Gaco brand and will continue to be made at a manufacturing, research and development facility in Waukesha, Wisconsin.

In addition to expanding Firestone’s roofing product portfolio with silicone polyurethanes, epoxies and acrylic liquid coatings, the acquisition also presents new opportunities 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 insulate buildings, according to the companies.

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; Building operations; Business matters; Coatings; Coatings manufacturers; Roof insulation

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