REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

15/06/2023 07:15

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RNS Number : 8281C  Compagnie de Saint-Gobain  15 June 2023

SAINT-GOBAIN strengthenS its presence in light construction in malaysia

 

Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard
Industries Sdn Bhd (HCBI), a leading manufacturer of cement boards for
façades, partitions, and ceilings in Malaysia. HCBI operates one
manufacturing facility and employs 280 people in the west of Malaysia with
revenues of around €20 million.

 

This lightweight board offering is a benchmark solution widely used for a
broad range of applications, offering fast-growth potential.

 

This acquisition perfectly complements our existing offering, in particular of
plasterboard in Malaysia. In Vietnam, we have experienced strong success with
the combination of these boards, thanks to similar customer bases,
applications and channels. In Malaysia, this acquisition promptly follows that
of Best Crete in construction chemicals (resin-based flooring solutions).

 

Closing of the transaction is subject to customary conditions and expected in
the third quarter of 2023.

 

This acquisition is in line with Saint-Gobain's strategic plan, "Grow &
Impact" which aims 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".

 

€51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

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

 

 

 

 

 

 

 

 

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