Compagnie de Saint-Gobain Acquisition (6310L)
January 04 2023 - 1:10AM
UK Regulatory
TIDMCOD
RNS Number : 6310L
Compagnie de Saint-Gobain
04 January 2023
SAINT-GOBAIN STRENGTHENS its presence in construction chemicals,
with the acquisitions of
matchem in brazil and IDP Chemicals in egypt
Saint-Gobain, through its Chryso business, has completed the
acquisition of Matchem in Brazil and entered into exclusive
negotiations to acquire IDP Chemicals in Egypt.
The acquisitions of Matchem and IDP Chemicals will allow
Saint-Gobain to strengthen its position in construction chemicals,
in particular concrete admixtures which play a key role in the
decarbonization of the construction industry. These two companies
are focused on the buoyant building and infrastructure markets in
Brazil and Egypt, which should see strong growth for the years to
come.
Matchem, established in 2011, employs around 50 people across
two plants in Brazil and generated revenues of close to EUR20
million in 2022. Together with Quartzolit, leader in mortars (tile
fixings, wall and floor coatings, waterproofing membranes),
TekBond, sealant and adhesive specialist, and the recently acquired
GCP Applied Technologies, Matchem will reinforce Saint-Gobain's
platform in construction chemicals, a leader on the Brazilian
market with 24 industrial sites.
IDP Chemicals, licensed by Chryso since 2018, employs 25 people
at one plant and is well positioned to serve the dynamic
construction market in Egypt. This acquisition should be finalized
in the first quarter of 2023.
Chryso benefits from Saint-Gobain's strong presence in Brazil
and Egypt to accelerate its inorganic growth strategy. Matchem and
IDP Chemicals will be consolidated within the Construction
Chemicals segment in High Performance Solutions.
The acquisitions of Matchem and IDP Chemicals are in line with
Saint-Gobain's "Grow & Impact" strategy aiming to both
strengthen the Group's leadership and accelerate its growth by
enriching its range of solutions for light and sustainable
construction.
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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