Firestone Building Products Announces Global Expansion

            Firestone Building Products Announces Global Expansion

Company Agrees To Acquire Terrassa, Spain-based Company

PR Newswire

INDIANAPOLIS, Dec. 3, 2013

INDIANAPOLIS, Dec. 3, 2013 /PRNewswire/ --Firestone Building Products
Company, LLC (Firestone) today 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."

Giscosa and Giscolene®, as well as products Giscotherm, Dipoflex and BTS, are
building envelope products used in roofing, walls and facades, and
waterproofing applications, as well as lining products used in geomembrane and
lining applications. In addition to increasing Firestone's sales in these core
roofing and lining businesses, the acquisition provides Firestone with
additional capabilities and products, including the manufacture of EPDM for
use around windows and other building openings, as well as clean sheets,
thinner gauge sheets and different width sheets.

"The acquisition of the manufacturing facility and Giscosa and Giscolene
brands aligns with Firestone's global business strategy by broadening our
product and services platform and distribution channels," said John Vasuta,
Vice President and Managing Director, International Operations, Firestone. "We
could not have found a better company, facility or portfolio of products to
help us grow in the global marketplace."

A family-owned business, Giscosa's sister company Rollgum is not included in
the acquisition. A long-time distributor of Firestone's roofing products in
Spain and Portugal, Rollgum will remain a strong distribution partner of
Firestone and Giscosa in Spain and Portugal under the continued leadership of
the Palou family team.

"Our forty years of membrane sales in Spain and the market Firestone has built
is due in good part to our loyal partnership and relationships with the Palou
family and their dedicated team," said Michel De Knop, Managing Director,
European Operations, Firestone. "We look forward to increasing our global
customer base and continuing our collective tradition of producing and
distributing the highest quality EPDM and TPO roofing products and lining
applications globally."

Current Managing Director Joan Palou Moreno will continue to manage the
Giscosa business, including the facility operations. Giscosa employees will be
offered employment contracts with Firestone Building Products.

"This is a great opportunity for everyone at Giscosa," said Mr. Palou. "Not
only will we continue to manufacture our current products, but we also will
have the resources of a vast global company, a leader in the roofing and
lining markets and long-time valued business partner. We are excited about the
future."

About Firestone Building Products Company, LLC
Firestone Building Products Company, LLC is a leading manufacturer and
supplier of a comprehensive "Roots to Rooftops" portfolio of products for
commercial building performance solutions. By taking the entire building
envelope into consideration, Firestone Building Products meets individual
customer and project needs for roofing, wall, landscape and lining solutions.
Headquartered in Indianapolis, Ind., the company also offers outstanding
technical services, an international network of roofing contractors,
distributors and field sales representatives, and superior warranty
protection. Products include: commercial roofing systems, roofing accessories,
green roofing systems, photovoltaic and daylighting systems, vegetative
roofing systems, metal wall panels, insulation, cavity wall construction, pond
liners and geomembranes.

SOURCE Firestone Building Products Company, LLC

Website: http://firestonebpco.com
Contact: Christine Reppert, 317-575-7060
 
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