I’m thrilled to share some groundbreaking news for Saint-Gobain.
The Group announced today that it has entered into a definitive agreement to acquire Fosroc, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million).
Following the acquisitions of CHRYSO in 2021, GCP in 2022, and 33 additional acquisitions in many countries since 2021, this move, perfectly aligned with our “Grow & Impact” strategic plan, is a new strategic step in establishing Saint-Gobain’s worldwide presence in construction chemicals.
With its 3,000 employees and 20 plants worldwide, Fosroc designs and manufactures concrete admixtures and cement additives, but also specialty building materials, like waterproofing, adhesives and sealants, protective coatings, cement repair, and flooring. Highly profitable, outperforming its markets, with a strong brand recognized by its customers, the company offers high-value products that are very complementary to our own, with a strong foothold in the high-growth markets of India and the Middle East.
Together with Thierry Bernard (our CEO for Construction Chemicals Business Unit) and David Molho (CEO of High Performance Solutions), I am looking forward to warmly welcoming the Fosroc teams into Saint-Gobain and I am very confident about the combination of our joint forces to accelerate our growth and the deployment of our vision as the worldwide leader in light and sustainable construction and our purpose to “Make the world a better home”.
Press release: https://lnkd.in/dgZFYRj7