Compagnie de Saint-Gobain Acquisition (2806A)
September 22 2022 - 1:33AM
UK Regulatory
TIDMCOD
RNS Number : 2806A
Compagnie de Saint-Gobain
22 September 2022
SAINT-GOBAIN'S ACQUISITION OF GCP APPLIED TECHNOLOGIES
TO CLOSE ON SEPTEMBER 27, 2022
Saint-Gobain has now obtained approvals from all relevant
competition authorities for its acquisition of GCP Applied
Technologies Inc., a major global player in construction chemicals,
announced on December 6, 2021. The acquisition will close on
September 27, 2022. GCP will delist from the New York Stock
Exchange.
With approximately $1.0bn revenues generated in 2021 by 1,800
employees working on 50 production sites in 38 countries, GCP
Applied Technologies provides a global platform with established
success in cement additives, concrete admixtures, infrastructure
and commercial and residential building materials.
This acquisition is a major milestone in establishing
Saint-Gobain's leading position worldwide in construction chemicals
and furthers the Group's strategy as worldwide leader in light and
sustainable construction.
The specialty building materials business in North America (c.
$250 million of sales) will be integrated into the CertainTeed
business serving local customers in its Region. All other
businesses, consisting of mainly concrete admixtures and cement
additives (c. $750 million of sales) will be combined with the
Chryso business and be part of the High Performance Solutions
segment.
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".
EUR44.2 billion in sales in 2021
166,000 employees, locations in 76 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
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