REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

04/01/2023 07:15

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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 €20 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".

 

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

 

 

 

 

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