Compagnie de Saint-Gobain Acquisition (4038W)
December 21 2021 - 11:04AM
UK Regulatory
TIDMCOD
RNS Number : 4038W
Compagnie de Saint-Gobain
21 December 2021
PRESS RELEASE
December 21, 2021
SAINT-GOBAIN TO REINFORCE ITS LEADERSHIP POSITION IN THE
LIGHT AND SUSTAINABLE CONSTRUCTION MARKETS IN INDIA
BY ENTERING THE STONE WOOL INSULATION MARKET
Saint-Gobain has entered into a definitive agreement with
Alghanim group for the acquisition of its 100% subsidiary, Rockwool
India Pvt Ltd., a major manufacturer of stone wool in India with a
wide range of insulation products for thermal, acoustic and fire
safety applications. Rockwool India Pvt Ltd. is a licensee of
Saint-Gobain technology for the manufacture of stone wool in
India.
Rockwool India has two manufacturing facilities in India, one in
Hyderabad and another in Silvassa, with a total capacity of around
50,000 tons. It has a strong marketing network across the
country.
This acquisition is fully in line with Saint-Gobain's "Grow
& Impact" plan and will strengthen the Group's presence and
accelerate its growth in Asia, in particular in India.
Saint-Gobain India is a leader in promoting green buildings in
the country with its solutions for light and sustainable
construction and thanks to its market and customer led innovation.
The Group currently operates 29 plants across India and has been
investing for growth in the country in recent years, it as well as
developing solutions that combine sustainability and
performance.
Entering into insulation in India, the Group will reinforce its
presence in the country, adding to its leading positions in glass,
gypsum and construction chemicals.
This transaction is subject to the completion of conditions set
out in the agreement and approvals from the competent authorities.
It is expected to be completed in first quarter of 2022.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures and distributes materials and
services for the construction and industrial markets. Its
integrated solutions for the renovation of public and private
buildings, light construction and the decarbonization of
construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose, "MAKING THE WORLD A
BETTER HOME".
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 72 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
+33 1 88 54 +33 1 88 54
29 77 26 83
+33 1 88 54 Patricia Marie +33 1 88 54
Vivien Dardel 19 09 Bénédicte 14 75
Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
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END
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