REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

22/09/2022 07:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220922:nRSV2806Aa&default-theme=true

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".

€44.2 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

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQLTMFTMTJTMBT