LafargeHolcim Ltd., the world\u2019s largest maker of construction materials, is in advanced talks to acquire Bridgestone Corp.\u2019s Firestone Building Products unit, people with knowledge of the matter said.<\/p>\n
The Swiss company could reach an agreement as soon as this week, the people said, asking not to be identified because the information is private. Negotiations could still be delayed or fall apart, according to the people.<\/p>\n
Firestone Building Products was expected to fetch more than $2.5 billion, Bloomberg News reported previously. The Bridgestone unit, part of the Japanese industrial conglomerate\u2019s North American division, makes roofing systems for commercial markets.<\/p>\n
A representative for LafargeHolcim declined to comment. A representative for Bridgestone said the firm is exploring opportunities to unlock value for employees, customers and shareholders and to support the Firestone unit\u2019s long-term growth plan.<\/p>\n
Kingspan Group Plc and Standard Industries Inc. were among final suitors for Firestone Building Products before dropping out of the bidding, people with knowledge of the matter have said.<\/p>\n