Energy

World’s largest cement firm inks deal to focus on solar, green roofs

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LafargeHolcim’s logo displayed at its offices in Switzerland, September 2019.

Stefan Wermuth | Bloomberg | Getty Images

Cement maker LafargeHolcim has agreed to buy specialist roofing company Firestone Building Products for $3.4 billion, in the latest example of shifting priorities within the building industry.

In a statement issued last week, LafargeHolcim — which is the world’s biggest cement manufacturer — said FSBP played “an instrumental role” in mitigating energy loss via the roofs of buildings. It’s agreed to purchase the company, which specializes in insulated, solar, “cool” and green roofs, from tire and rubber business Bridgestone Americas.

Speaking to CNBC’s “Squawk Box…



Source cnbc.com

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