REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

26/09/2023 17:00

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RNS Number : 7297N  Compagnie de Saint-Gobain  26 September 2023

 

 

 

 

 

SAINT-GOBAIN expands ITS portfolio in construction chemicals with the
acquisition of ADFIL,

top player in fibers for concrete reinforcement

 

Saint-Gobain announces today that it has entered into a definitive agreement
to acquire Adfil NV, a top international player specialized in fibers for
concrete reinforcement.

 

Operating globally in the construction industry thanks to a commercial
presence in over 60 countries, Adfil employs around 70 people, operates two
plants in Belgium and generated revenues of close to €40 million in 2022. In
addition to Chryso and GCP's admixtures, Adfil's performance fibers contribute
to the reduction of reinforced-concrete's CO(2) footprint, the improvement of
lead times and productivity for construction projects, and an increased
lifespan for concrete.

 

Adfil will be consolidated within the Construction Chemicals segment in High
Performance Solutions.

 

Thanks to this acquisition, Saint-Gobain will be able to offer its clients an
enlarged range of solutions including concrete admixtures and fibers
accelerating the development of sustainable and high-performance concrete.

 

Closing of the transaction is subject to antitrust approvals and satisfaction
of other customary closing conditions; it is expected by year-end 2023.

 

The acquisition of Adfil 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".

 

€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 the Group, visit www.saint-gobain.com and follow us
on X @saintgobain

 

 

 

 

 

 

 

 

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