LafargeHolcim cements €2.8bn deal for firm scrutinized by Kingspan     

Cement behemoth, ​​​​​LafargeHolcim, is buying Bridgestone's Firestone Building Products unit for €2.8bn. File picture

​​​​​LafargeHolcim is buying Bridgestone's Firestone Building Products unit for $3.4bn (€2.8bn) as the cement behemoth turns the page on years of restructuring that followed its creation in 2015.

Ireland's Kingspan had reportedly before Christmas dropped out of the bidding for the unit. The transaction will expand LafargeHolcim into the roofing business in the US, its largest market, chief executive Jan Jenisch said and the company also aims to broaden the asset’s reach to Europe and Latin America.