REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

02/02/2024 07:15

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RNS Number : 8441B  Compagnie de Saint-Gobain  02 February 2024

 

SAINT-GOBAIN REINFORCES ITS building envelope protection OFFER IN THE United
states

 

Saint-Gobain has completed the acquisition of International Cellulose
Corporation (ICC), a leading manufacturer of specialty insulation in the
United States, including spray-on thermal, fireproofing and acoustic finish
systems for the US non-residential market.

 

ICC employs approximately 50 employees at its manufacturing site in Houston,
Texas, and generated revenues of around $30 million in 2023. ICC's insulation
solutions are manufactured with natural, plant-based fibers (primarily
cellulose) and high recycled content, containing high levels of sequestered
carbon.

 

This acquisition allows Saint-Gobain to complement its offer for building
envelope protection including the solutions brought by the acquisition of GCP
such as MONOKOTE(®) (fireproofing), Ice & Water Shield(®) (waterproofing
membranes for roofing), and Perm-A-Barrier(®) (vapor barriers for
siding).

 

The acquisition of ICC 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 Saint-Gobain, visit
www.saint-gobain.com (http://www.saint-gobain.com/)
 and follow us on  X
@saintgobain (https://twitter.com/saintgobain)

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