Compagnie de Saint-Gobain Acquisition (2284O)
January 30 2023 - 1:05AM
UK Regulatory
TIDMCOD
RNS Number : 2284O
Compagnie de Saint-Gobain
30 January 2023
SAINT-GOBAIN STRENGTHENS its presence
in insulation in argentina
Saint-Gobain has completed the acquisition of Termica San Luis,
a leader in stone wool insulation in Argentina.
Termica San Luis is a family-owned business with over 70 years
of experience in insulation. It is the leading producer of stone
wool in Argentina, having pioneered its production in the country.
Termica San Luis employs 40 people at one plant in the San Luis
province, who will join the 800 Saint-Gobain employees in
Argentina.
The acquisition allows Saint-Gobain to strengthen its presence
in the insulation market, enhancing its range of solutions for
customers thanks to the combination of its position in glass wool
insulation with that of Termica San Luis in stone wool.
With sales of over EUR300 million and the strong profitable
growth achieved over many years, Saint-Gobain holds the leading
position in sustainable construction in Argentina, providing its
customers with the widest market range from comprehensive
insulation solutions, to construction chemicals (tile fixings,
waterproofing, façade coatings), plasterboard and plaster.
The acquisition is 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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