REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

14/10/2024 17:15

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RNS Number : 1230I  Compagnie de Saint-Gobain  14 October 2024

 

SAINT-GOBAIN has REACHED a binding agreement to acquire KILWAUGHTER, a leading
façade MORTARS player

in the UK and IRELAND

 

Saint-Gobain has reached a binding agreement to acquire Kilwaughter, a leading
player in façade mortars in the UK and Ireland. It operates well-established
and recognized brands including K Rend and K Systems.

 

This transaction will further strengthen Saint-Gobain's offering in the UK and
Ireland in light and sustainable construction.

 

Kilwaughter operates one manufacturing facility near Larne in Northern Ireland
and employs about 200 people with a strong focus on technical expertise and
system specification. It generated revenues of around £50 million in 2024
(fiscal year ending April) and will be consolidated into the Northern Europe
Region.

 

Closing of the transaction is expected in the first half 2025 and is subject
to the satisfaction of customary closing conditions.

 

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".
 
€47.9 billion in sales in 2023
160,000 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 X @
saintgobain (https://twitter.com/saintgobain)

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