REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

21/12/2021 17:05

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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".

 

€38.1 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 (http://www.saint-gobain.com) and follow us on
Twitter @saintgobain

 

 

 Analyst/Investor relations                   Press relations

 Vivien Dardel           +33 1 88 54 29 77    Patricia Marie              +33 1 88 54 26 83

 Floriana Michalowska    +33 1 88 54 19 09    Bénédicte Debusschere       +33 1 88 54 14 75

 Christelle Gannage      +33 1 88 54 15 49    Susanne Trabitzsch          +33 1 88 54 27 96

 

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