Compagnie de Saint-Gobain Disposal (4520N)
September 29 2021 - 12:13PM
UK Regulatory
TIDMCOD
RNS Number : 4520N
Compagnie de Saint-Gobain
29 September 2021
PRESS RELEASE
September 29, 2021
SAINT-GOBAIN COMPLETES ITS ACQUISITION OF CHRYSO
In line with its May 20, 2021 announcement, Saint-Gobain has
today completed its acquisition of Chryso, a leading global player
on the construction chemicals market.
Chryso provides comprehensive additives solutions for
sustainable construction, helping to significantly reduce the
carbon footprint of concrete. The company employs about 1,300
employees and generates approximately EUR400 million in annual
sales and around EUR85 million in EBITDA.
The enterprise value of EUR1,020 million represents a multiple
of 12.0x Chryso's last 12 months EBITDA of EUR85
million and a multiple of 7.6x post run-rate synergies of EUR50 million in year 5.
Chryso joins the businesses serving the sustainable construction
market within the High Performance Solutions segment.
Benoit Bazin, Chief Executive Officer of Saint-Gobain,
commented:
"The acquisition of Chryso is fully in line with our strategic
vision of Saint-Gobain as a world leader in sustainable
construction focused on solutions offering sustainability and
performance to our customers. Chryso significantly strengthens our
presence on the growing construction chemicals market, where we
have completed 10 acquisitions and opened 16 plants in 18 countries
over the past three years, with sales today exceeding EUR3.0
billion in 66 countries."
Thierry Bernard, Chairman and Chief Executive Officer of Chryso,
commented:
"We are delighted to be joining the Saint-Gobain Group today.
The first exchanges between our teams in preparation for the
integration were very enthusiastic and confirm the strong growth
outlook for Chryso - particularly in regions where we are not yet
present - as well as our development strategy driven by innovation
and high performance solutions and the cultural proximity of our
teams."
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions for the construction, mobility, healthcare and other
industrial application markets. Developed through a continuous
innovation process, they can be found everywhere in our living
places and daily life, providing wellbeing, performance and safety,
while addressing the challenges of sustainable construction,
resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain
purpose, "MAKING THE WORLD A BETTER HOME", which responds to the
shared ambition of all the women and men in the Group to act every
day to make the world a more beautiful and sustainable place to
live in.
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations
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END
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