REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

22/02/2023 07:16

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RNS Number : 6864Q  Compagnie de Saint-Gobain  22 February 2023

 

 

 

 

SAINT-GOBAIN to enter THE GLASS WOOL INSULATION MARKET in india

 

Saint-Gobain has entered into a definitive agreement to acquire U.P. Twiga
Fiberglass Ltd.

(UP Twiga), the leader on the glass wool insulation market in India.

 

UP Twiga operates two manufacturing facilities close to Delhi and Mumbai. The
company has been a licensee of Saint-Gobain technology since 2005 for the
manufacture of glass wool in India and its solutions offer a wide range of
applications.

 

Together with the recent acquisition of Rockwool India Pvt Ltd. in stone wool
and Saint-Gobain's number 1 positions in plasterboard and glass, UP Twiga
consolidates Saint-Gobain's positioning in interior and façade solutions in
India, set to benefit from higher building performance requirements and the
strong need for acoustic and thermal comfort as well as energy-efficient
solutions.

 

Saint-Gobain India is a leader in promoting green buildings in the country
with its comprehensive range of solutions for light and sustainable
construction, its market and customer-led innovation, and its strong brand
recognition. The Group currently operates

33 manufacturing sites across India and has been significantly investing for
growth in the country in recent years.

 

This transaction is subject to the completion of certain conditions and
approvals from the competent authorities. It is expected to be completed by
the end of the first quarter of 2023.

 

The acquisition of UP Twiga 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".

 

€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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