Firestone Acquires Silicone Roofing Systems Provider

Firestone Building Products Company LLC (Firestone) has announced its acquisition of Gaco Western (Gaco), a leader in silicone roofing systems and provider of waterproofing and spray foam insulation. The deal, which includes all assets and operations held by Gaco, closed April 3, after a definitive agreement was signed and announced earlier this year.

The acquisition enhances Firestone’s leadership in commercial roofing and allows Firestone to introduce even more options to customers with Gaco’s silicone and acrylic liquid coatings. The enhanced portfolio creates alternative solutions when full roof tear-offs and rebuilds are not feasible, and it presents contractors with products requiring less labor-intensive installation.

“Combining the best of two brands, Firestone and Gaco, represents an opportunity for growth and long-term value as we aim to create new levels of service and innovation in our industries,” says Tim Dunn, president of Firestone Building Products, Bridgestone Americas Inc. “Operations will conduct 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.”

In addition to expanding Firestone’s roofing product portfolio with silicone polyurethanes, epoxies and acrylic liquid coatings, the deal offers new positions 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.

Gaco products will continue to be sold under the Gaco brand and will continue to be made at a state-of-the-art manufacturing, research and development facility in Waukesha, Wis.

Financial details of the transaction are not being disclosed.

Firestone Acquires Provider of Waterproofing, Spray Foam Insulation Solutions

Firestone Building Products Company LLC (Firestone) has announced that it has reached a definitive agreement to acquire Gaco Western (Gaco), a provider of waterproofing and spray foam insulation solutions for a variety of commercial and residential applications. The acquisition strengthens Firestone’s leadership in commercial roofing and offers positions in residential and commercial building products, reinforcing its commitment to be a leader in the building envelope solution. Firestone Building Products is part of Bridgestone Americas, the largest subsidiary of Bridgestone Corp., a tire and rubber company.

“This acquisition supports our strategic plan to penetrate adjacent product segments,” says Tim Dunn, president of Firestone Building Products. “Adding Gaco’s product portfolio will expand our offering, broaden our customer base, and reaffirm our commitment to being a total solutions provider. We are now also in a position to better capitalize on the demand for liquid coating products and are excited about the opportunity to unearth the value that exists in the combination of the two businesses.”

Financial details of the transaction are not being disclosed. The acquisition is expected to be completed before the end of the first quarter 2017, subject to regulatory approvals and other customary closing conditions.

Founded in 1955, Gaco is privately-owned and headquartered in Seattle. With brands including GacoFlex, GacoRoofFoam and GacoWallFoam, the company produces silicone polyurethanes, epoxies and acrylic liquid coatings for roofs; decking and waterproofing products that protect pedestrian surfaces, concrete, metal and plywood; and open- and closed-cell foam products which protect and insulate buildings. All Gaco products are made at its manufacturing, research and development facility in Waukesha, Wis.

The combination will allow Firestone to provide customers with additional products for their roofing needs. By delivering a repair product at a competitive price point, Gaco’s portfolio of silicone and acrylic liquid coatings offers an alternative for situations when full roof tear-off and rebuild are not an available solution. For contractors, these products allow for less labor-intensive installation, reducing costs. Additionally, the transaction enables Firestone to offer its customers access to Gaco’s waterproofing solutions.

Firestone is a leader within the roofing industry and has a vision for the broader building envelope, combining service, product, and innovation, with a substantial distribution platform. We are excited at the prospects of joining Firestone as it allows us to continue to drive R&D, deliver products to our customers, and offer additional career opportunities to our employees,” says Peter Davis, Gaco chairman and CEO.

Honeywell Challenges Spray Foam Insulation Contractors and Builders

Honeywell has announced that it will offer U.S. contractors and builders a chance to win prizes if they try spray foam systems that contain Honeywell’s Solstice Liquid Blowing Agent (LBA) as a key ingredient.

Honeywell’s promotion, “Hit A Foam Run” runs now through April 30, 2017. Participants can win prizes each month, and one grand prize winner will receive a trip for two to watch the stars of baseball play in Miami. Spray foam contractors and builders are encouraged to contact one of the spray foam companies participating in the promotion and offering closed-cell spray foam systems containing Solstice LBA. The list of companies offering spray foam systems formulated with Solstice LBA continues to grow.

Some of the systems are designated for wall insulation, others for roofing. Solstice LBA is a material that causes foam to expand and enables its insulating properties.

“We have feedback from many contractors who have already used the new systems,” said Laura Reinhard, global business manager, sprayfoam, Honeywell. “They are surprised that changing the blowing agent can have so many positive effects, such as thermal performance, increased yields, reduced clogging of the spray gun, and a smooth finish, among other improvements. They can experience improvements in foam performance with minimal adjustments to their existing equipment. We encourage contractors to ask their systems providers for spray foam made with Solstice LBA.”

Global regulators are moving to phase out higher-global-warming-potential (GWP) foam blowing agents, refrigerants and other materials based on hydrofluorocarbon (HFC) technology. Last year, the U.S. Environmental Protection Agency published regulations that will phase out the use of many HFC blowing agents. The regulation, some of which becomes effective January 2017, will require manufacturers to discontinue use of many standard HFC blowing agents and blends in certain applications.

Solstice LBA, which is based on hydrofluoro-olefin (HFO) technology, has a GWP of 1, which is 99.9 percent lower than HFC blowing agents it replaces, and equal to carbon dioxide. It is non-ozone-depleting and nonflammable. Solstice LBA has received EPA approval under the Significant New Alternatives Policy (SNAP) Program, and is volatile organic compound (VOC)-exempt per the EPA. It is also registered under the European Union’s REACH program. Honeywell’s Solstice LBA manufacturing plant in Louisiana started up in May 2014.

Adoption of Solstice products has resulted in the reduction of more than 30 million metric tons of greenhouse gases to date, equal to eliminating emissions from more than 6 million cars. 

Honeywell also manufactures Solstice Gas Blowing Agent, which replaces HFC-134a in low-pressure spray foam insulation, commercial appliance insulation and extruded polystyrene boardstock insulation for homes and buildings.

Solstice LBA is used in a variety of rigid foam insulation applications, including residential and commercial refrigeration equipment, spray foam insulation, and insulated metal panels, as well as flexible foam applications, such as molded and slabstock foam, and integral skin.

Icynene Europe Assumes Control of Distribution within Benelux

Icynene Europe S.P.R.L., the European arm of global spray foam insulation manufacturer, Icynene, has announced that it will now assume control of distribution within Benelux.

The announcement comes as the spray foam insulation manufacturer moves to realign its business operations and focus within the Benelux market to better service its local dealer network and grow business within the region. The launch of a new website complements the renewed focus within Benelux and specifically within Belgium and the Netherlands.

“Since formally establishing a European presence and opening our first European office here in Brussels in early 2013, Icynene Europe has seen tremendous growth and entry into new markets across Europe. As one of our more well-established markets, Benelux is an important and growing market for Icynene,” says Bertrand Lauret, the contracted director of Icynene for Europe, Africa and the Middle East.

“Our focus on the region means that we are able to allocate more resources to addressing the needs of our customers, as well as providing the additional support they need to respond to market demand. Plus, the new website means that architects, builders and homeowners can gain a better insight into the immediate and long-term performance advantages of Icynene spray foam insulation,” says Lauret.