TIDMCOD

RNS Number : 7297N

Compagnie de Saint-Gobain

26 September 2023

 
 
 

SAINT-GOBAIN expands ITS portfolio in construction chemicals with the acquisition of ADFIL,

top player in fibers for concrete reinforcement

Saint-Gobain announces today that it has entered into a definitive agreement to acquire Adfil NV, a top international player specialized in fibers for concrete reinforcement.

Operating globally in the construction industry thanks to a commercial presence in over 60 countries, Adfil employs around 70 people, operates two plants in Belgium and generated revenues of close to EUR40 million in 2022. In addition to Chryso and GCP's admixtures, Adfil's performance fibers contribute to the reduction of reinforced-concrete's CO(2) footprint, the improvement of lead times and productivity for construction projects, and an increased lifespan for concrete.

Adfil will be consolidated within the Construction Chemicals segment in High Performance Solutions.

Thanks to this acquisition, Saint-Gobain will be able to offer its clients an enlarged range of solutions including concrete admixtures and fibers accelerating the development of sustainable and high-performance concrete.

Closing of the transaction is subject to antitrust approvals and satisfaction of other customary closing conditions; it is expected by year-end 2023.

The acquisition of Adfil 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".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about the Group, visit www.saint-gobain.com and follow us on X @saintgobain

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(END) Dow Jones Newswires

September 26, 2023 11:51 ET (15:51 GMT)

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