Firestone Building Products Announces Global Expansion
Firestone Building Products Company, LLC announced that it has agreed to acquire the manufacturing assets and brands of Terrassa, Spain-based Giscosa and Giscolene. The acquisition of the Giscosa Ethylene Propylene Diene Monomer (EPDM) plant near Barcelona expands Firestone’s global manufacturing and distribution capabilities and product offering, and represents the company’s first overseas manufacturing facility. Financial details of the transaction are not being made available. The acquisition is expected to be completed by the end of this year.
“Expanding Firestone’s manufacturing capacity overseas is part of our strategy to position the company to better serve the needs of our European and global customers,” said Tim Dunn, president of Firestone Building Products. “We are excited about the opportunities that the acquisition of Giscosa and Giscolene will bring to our business.”