Compagnie De Saint-gobain Share Discussion Threads

[waldron] 26/7/2024 10:19

Cie de SaintGobain
78.24 +2.44%

[ariane] 18/7/2024 11:29

Cie de SaintGobain
78.06 -0.69%

[grupo guitarlumber] 17/7/2024 18:08

First half 2024 results

July 25, 2024 after market closing.
(quiet period starting on July 8, 2024).

[waldron] 15/7/2024 07:35

SAINT GOBAIN: Jefferies still buying

July 15, 2024 at 08:30

Jefferies analyst Glynis Johnson has maintained his buy rating on the stock.

The target price has been revised upwards to EUR 99.10 from EUR 87.50.

Zonebourse with dpa-AFX Analyser

[grupo] 12/7/2024 18:03

Cie de SaintGobain
78.98 +1.26%

[waldron] 11/7/2024 17:54

Saint-gobain COMPLETES THE acquisition of CSR in australia



Saint-Gobain today announces that it has completed the acquisition of CSR Limited ("CSR"), establishing a strong presence in the attractive Australian construction market.



CSR is a leading player in building materials in Australia, consisting principally of Building Products (A$1.9bn in sales and an EBITDA margin of c.18% for the fiscal year ending March 31, 2024), with some of Australia's most trusted and iconic brands. The acquisition fits extremely well with Saint-Gobain's worldwide offer on light and sustainable construction.



Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, commented:

"We are delighted with the timely completion of this major transaction in Australia's attractive high-growth construction market which is underpinned by solid macroeconomic fundamentals. The acquisition will strengthen our presence in the fast-growing Asia-Pacific markets and is fully aligned with our "Grow & Impact" strategy and our worldwide leadership in light and sustainable construction. We see a tremendous opportunity to build on CSR's strengths to further accelerate its growth in the region.

I am very impressed by the CSR teams' expertise, know-how, and commitment at every level. It is truly a great pleasure to officially welcome them all into Saint-Gobain."



Management update

Following the delisting of CSR on completion of the transaction, Julie Coates has decided to step away from her role as Managing Director and Chief Executive Officer. Julie will continue to serve as a member of the newly established CSR board to ensure a smooth and successful transition. Saint-Gobain is pleased to announce that Paul Dalton, currently CSR Executive General Manager, Interior Systems, will be appointed Chief Executive Officer at the time of delisting.



Benoit Bazin stated:

"I would like to take this opportunity to thank Julie for her exceptional contribution and commitment to CSR and to congratulate her for the impressive journey of CSR under her leadership both strategically and in terms of financial results. Paul's appointment as Chief Executive Officer, leading the existing highly-experienced management team, bodes very well for the long-term success of the business, and the continuity of culture, performance and customer-focus as it enters this exciting new chapter. I commend Julie and the CSR Board for having such a seamless succession plan in place."



Julie Coates, CSR Chief Executive Officer, commented:

"With the transaction now complete, I've made the decision that the time is right for me to hand over the privilege of leading this wonderful business. CSR shares strong cultural and strategic alignment with Saint-Gobain and will now benefit from the shared best practice and resources of a global leader in our industry, notably in terms of growth, innovation, operational excellence and sustainability. I look forward to following the successful journey in my continuing role on the newly established CSR board."



Paul Dalton, CSR, Chief Executive Officer elect, commented:

"It is a great honour to be asked to lead this wonderful CSR team and organisation. Having already spent more than 30 years of my professional life in the construction industry, I look forward to our continued strong profitable growth in the building solutions market in Australia and New Zealand, under the Saint-Gobain umbrella. I would like to thank Julie Coates for her incredible leadership. I'm thrilled by this deal with Saint-Gobain and all the potential it will unleash and look forward to working closely with the Saint-Gobain team as we continue to innovate and deliver for our customers, our team, and our business."


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".

[grupo guitarlumber] 10/7/2024 10:40

First half 2024 results

July 25, 2024 after market closing.
(quiet period starting on July 8, 2024).

[la forge] 09/7/2024 09:04

Cie de SaintGobain
76.84 -1.13%

[maywillow] 08/7/2024 10:12

Cie de SaintGobain
77.96 +0.80%

[grupo] 05/7/2024 15:41

Cie de SaintGobain
77.96 +0.67%

[grupo guitarlumber] 04/7/2024 20:19

Cie de SaintGobain
77.44 +0.78%

[florenceorbis] 04/7/2024 11:33

JP Morgan is positive on the stock with a Buy rating.

[adrian j boris] 27/6/2024 06:26

Compagnie de Saint-Gobain Acquisition
27/06/2024 7:00am
RNS Regulatory News

RNS Number : 1202U
Compagnie de Saint-Gobain
27 June 2024




SAINT-GOBAIN FURTHER STRENGthENS ITS worldwide presence IN CONSTRUCTION CHEMICALS BY SIGNING A DEFINITIVE AGREEMENT TO ACQUIRE FOSROC, a leading player in asia and emerging markets



Saint-Gobain announces that it has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million) in cash.



Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain's worldwide presence in construction chemicals, which will have combined sales of €6.2 billion across 73 countries following the acquisition (pro forma).



FOSROC is a global construction chemicals player with a strong geographic footprint in India, the Middle East and Asia-Pacific in particular. The company is expected to generate $487 million of sales and to achieve an EBITDA margin of 18.7% in 2024E. With 20 manufacturing plants and around 3,000 employees, FOSROC provides a wide range of technical solutions for the construction industry, including admixtures and additives for concrete and cement, adhesives and sealants, waterproofing solutions, concrete repair solutions and flooring.



The purchase price represents an acquisition multiple (before synergies) of approximately 11.3x FOSROC's 2024E EBITDA of $91 million, and a multiple of approximately 7.1x when including run-rate synergies of approximately $54 million in year 3.



This acquisition will be fully financed in cash. The Group will maintain a strong balance sheet with net debt / EBITDA remaining at the low end of the target range (1.5x to 2.0x) including the recently announced Bailey and CSR Limited acquisitions. Closing of the transaction is subject to customary conditions and is expected in first-half 2025.





A COMPELLING STRATEGIC RATIONALE



· A unique opportunity, fully aligned with Saint-Gobain's strategy to strengthen its worldwide presence in construction chemicals, supported by solid macroeconomic factors including the transition towards low-carbon concrete. It will complement the Group's worldwide growth platform in construction chemicals.



· A highly complementary geographic profile strengthening Saint-Gobain's presence in high-growth emerging markets, notably India and the Middle East. FOSROC's positions in the Middle East and Asia perfectly complement Chryso's positions mostly in Europe, Turkey and Africa and GCP's in North America, Latin America and Asia-Pacific. FOSROC is a leading player in India, one of the most attractive countries in construction chemicals worldwide with growth supported by an ambitious infrastructure plan for the coming decades.

· A comprehensive range of solutions with a renowned brand and strong technical competencies. FOSROC's capabilities are supported by its trusted brand and its recognized technical expertise, entrepreneurial spirit and high level of service.



· A strong track record of highly profitable growth and significant outperformance of its underlying markets. FOSROC has a strong growth track record with c. 11% sales growth per year (2021-2024E). The company delivers a superior EBITDA margin - more than 18% - thanks to a highly experienced management team with a proven history of success.



· A value-creative acquisition for Saint-Gobain's shareholders and customers, with strong synergy potential. $54 million expected synergies in year 3 following transaction close, of which $39 million are cost synergies which are expected to be captured through economies of scale in purchasing (including on raw materials and vertical integration of polymers production), footprint optimization, SG&A savings and manufacturing and logistics cost optimization. Saint-Gobain expects to benefit from at least $15 million of growth synergies thanks to cross-selling opportunities, combining the Group's innovation capabilities with Fosroc's strength in infrastructure, and to its customer relationships. These synergies will be achieved across Saint-Gobain's worldwide platform in construction chemicals and will leverage Saint-Gobain's existing strong presence in the wider light and sustainable construction sector in India and the Middle East. The acquisition will create value by year 3 following the closing of the transaction and will be EPS (Earnings Per Share) accretive from year 1.



The integration will be led by Thierry Bernard, Chief Executive Officer of Construction Chemicals, with the experienced team who developed the Chryso business over many years, managed its integration within Saint-Gobain and who has piloted its successful combination with GCP since 2022, providing a high level of confidence in the integration of FOSROC. It will be consolidated into the High Performance Solutions segment.



Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, commented:

"The acquisition of FOSROC is perfectly aligned with our "Grow & Impact" strategic plan: it is a unique opportunity for Saint-Gobain to further reinforce its worldwide presence in construction chemicals, and to strengthen its presence in high-growth emerging markets, in particular in India and the Middle East. I am very impressed with FOSROC's leadership, its strategy and its impressive development, as well as the team's track record of excellent execution and profitable growth. The combination of the two groups will allow us to expand our profitable growth platform in construction chemicals. I am looking forward to warmly welcoming the FOSROC teams into the Group and I am very confident about the combination of our joint forces."



Jim Hay, Chairman of FOSROC, commented:

"Today marks the beginning of an exciting new chapter in the history of FOSROC. Our focus on delivering the best solutions and satisfaction to our customers has enabled us to become a leading player in construction chemicals. I want to thank all our teams for their outstanding work over many years."



Rob Bonnici, Chief Executive Officer of FOSROC, added:

"The opportunity to join Saint-Gobain, worldwide leader in light and sustainable construction and a global player in construction chemicals is the perfect next step to enhance our offer by leveraging Saint-Gobain's innovation and technology in construction chemicals. I look forward to continuing our growth journey within Saint-Gobain."

Analyst/Investor Conference Call on June 27, 2024 at 8:00 am Paris time

Dial-in: [phone] or [phone] or [phone]

Please dial in 5 to 10 minutes prior to the scheduled start time.

Replay: [phone] then press 700755# and 755# from 10:00 am Paris time until
July 27, 2024.

A presentation will be available before the conference call on Saint-Gobain’s website at: hxxps://www.saint-gobain.com/en/finance/financial-events



Morgan Stanley is acting as financial advisor, and Freshfields is acting as legal counsel to Saint-Gobain in connection with the transaction.


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 net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

Analyst/investor relations


Press relations

Vivien Dardel:


[phone]


Patricia Marie:


[phone]

Floriana Michalowska:


[phone]


Laure Bencheikh:


[phone]

Alix Sicaud:


[phone]


Yanice Biyogo:


[phone]

James Weston:


[phone]

[waldron] 04/6/2024 19:27

Saint-Gobain Closes Purchase of Canada's Bailey Group

June 04, 2024 at 01:53 am EDT

(MT Newswires) -- French construction materials company Compagnie De Saint-Gobain (SGO.PA, GOB.SW, COD.L) said Monday it completed the acquisition of Bailey Group.

The target company manufactures metal frames for light construction at 12 manufacturing plants across Canada. It posted revenue of CA$532 million for 2023.

[waldron] 17/5/2024 12:07

SAINT GOBAIN : Gets a Buy rating from JP Morgan

May 17, 2024 at 03:31 am EDT

Elodie Rall from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price is unchanged at EUR 85.

[waldron] 10/5/2024 05:23

VINCI : The technical configuration is positive
May 09, 2024 at 09:51 am
By The editorial team
Share
BUY
Live
Entry price Target Stop-loss Potential
€114.55 €120 €109 +4.76%
Shares in VINCI do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Chart VINCI
Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

● The company is one of the best yield companies with high dividend expectations.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.

● The group usually releases upbeat results with huge surprise rates.

Weaknesses

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● The company's earnings growth outlook lacks momentum and is a weakness.

[misca2] 02/3/2024 07:09

Compagnie de Saint-Gobain Disposal
01/03/2024 5:36pm
RNS Regulatory News

RNS Number : 3449F
Compagnie de Saint-Gobain
01 March 2024




SAINT-GOBAIN DIVESTS ITS
TREATED TIMBER BUSINESSES IN THE UK & IRELAND


Saint-Gobain has signed a binding agreement for the sale of its treated timber products (utility poles, fencing and railway sleepers) manufacturing brands: PDM in Ireland and Calders & Grandidge in the UK - to the Iivari Mononen Group.

The divested assets, comprising two business units in Ireland and the UK, generated revenues of €50 million in 2023 and employ 80 people.

The divestment of PDM completed today, and the sale of Calders & Grandidge is expected to be completed by the end of 2024, subject to competition authority clearance.


These divestments are part of Saint-Gobain's continued business profile optimization strategy, in line with its "Grow & Impact" plan.



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

[misca2] 02/3/2024 07:06

The market loses patience with Saint-Gobain

March 01, 2024 at 03:37 pm

MarketScreener.com By Kevin Smith


The financial results of the world leader in building materials, published yesterday, are always eagerly awaited by investors, who use it to take the pulse of the economy.

Three years ago, almost to the day, MarketScreener included the Saint-Gobain share in its European portfolio - it had long since left it - on the grounds that the group seemed well placed to absorb a hyper-inflationary context, thanks in particular to a restructuring and upmarket program in construction chemicals that was already bearing fruit.

On a more critical note, however, we emphasized the Group's lack of growth during the previous cycle. The company was emerging from a veritable decade of sluggishness, which had earned it the wrath of the dreaded Elliott activist fund, among other grievances.

Three years on, the results for the fiscal year just ended reveal three things: one, Saint-Gobain has indeed managed to pass on inflation, but without benefiting from it either; two, excluding acquisitions, organic growth continues to lag; three, optimization of the business portfolio continues and is producing fairly good results.

As proof of these elements, a price increase of 4.6%, which in 2023 will not fully offset a 5.5% drop in volumes; consolidated sales down by 6.4%, with a marked decline in Northern Europe but also a good performance in the US markets; and margins and operating profit that are holding up well in this challenging environment.

Not much has changed, then, and the market seems to be getting impatient, since the trend towards compression of Saint-Gobain's valuation multiple is not really reversing - despite a slight upturn of late.

It should be pointed out, however, that the process of moving upmarket is bound to take years, and that at the same time the Group is confirming its trajectory of improving profitability, while financial leverage continues to decline.

The work of the management team that has been at the helm for the past few years is therefore to be commended, without overlooking the difficult underlying business conditions - which the Swiss Sika Group has so far managed to avoid thanks to a remarkably well-managed acquisitions policy.

Share
Image Kevin Smith

[waldron] 29/2/2024 21:08

2024 outlook and strategic priorities



In a geopolitical and macroeconomic environment that remains challenging, Saint-Gobain will continue to demonstrate its resilience and its excellent operating performance, thanks to its focused strategy and its proactive commercial and industrial initiatives.



Saint-Gobain expects some of its markets to remain difficult in 2024, especially in the first half of the year owing to a high comparison basis, with a contrasting situation between Europe and the rest of the world:

· Europe: resilience in renovation; new construction remaining difficult before gradually reaching its low point country by country;

· Americas: construction to hold firm in North America (new build and renovation); recovery expected during the year in Latin America;

· Asia-Pacific: good growth in most countries;

· High Performance Solutions: Construction Chemicals to see dynamic growth; Mobility to hold firm and a contrasting situation on industrial markets in terms of demand.





Against this backdrop, in 2024 the Group will continue to implement the strategic priorities set out in its "Grow & Impact" plan for 2021-2025:



1) Continue our initiatives focused on profitability and free cash flow generation

· Constant focus on the price-cost spread;

· Productivity initiatives and swift adjustments from country to country where necessary;

· Capital expenditure slightly above 4% of sales, with strict allocation to high-growth markets.



2) Outperform our markets by strengthening our profitable growth profile

· Enrich our comprehensive range of integrated, differentiated and innovative solutions offering sustainability and performance for our customers;

· Continue our value-creating targeted acquisitions and divestments dynamic, and benefit from the successful integration of recent acquisitions.



3) Continued focus on our ESG roadmap as leader in sustainable construction

· Promote our positive-impact and low-carbon solutions among our customers;

· Extend the decarbonization of construction to the entire value chain, playing our full role as leader in light and sustainable construction.







Despite a context which remains difficult in certain markets,
in 2024 Saint-Gobain expects a double-digit operating margin
for the fourth consecutive year

















Financial calendar

An information meeting for analysts and investors will be held at 8:30am (GMT +1) on March 1, 2024 and will be streamed live on Saint-Gobain's website: www.saint-gobain.com

· Sales for the first quarter of 2024: Thursday April 25, 2024, after close of trading on the Paris stock exchange

· UK site visit: Tuesday July 2, 2024

[misca2] 18/1/2024 19:08

RNS Number : 2066A

Compagnie de Saint-Gobain

18 January 2024

Saint-Gobain strengthens its presence in construction chemicals with two acquisitions in flooring

Saint-Gobain today announces two acquisitions on the attractive non-residential flooring market, further strengthening its presence in this construction chemicals segment:

- R.SOL is a French manufacturer of resin-based flooring solutions employing about 30 people. This acquisition will enlarge Saint-Gobain's portfolio thanks to R.SOL's wide range of diversified resins, differentiating technology and large customer base. Closing of the transaction is expected by the end of the first half of 2024 and is subject to the satisfaction of customary closing conditions as well as the consultation procedure with the employee representative bodies.

- Technical Finishes is a leading South African player in resin flooring solutions employing about 90 people. The acquisition will reinforce Saint-Gobain's profitable growth profile in South Africa and elsewhere on the African continent.

These two acquisitions will strengthen the leadership position of Saint-Gobain in flooring solutions, perfectly complementing its existing offering under our Weber brand and creating significant synergies.

Together, they generated a turnover of around EUR20 million in 2023. Both acquisitions will be consolidated within the Southern Europe - Middle East & Africa Region.

These acquisitions are 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".

EUR51.2 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 and follow us on X @saintgobain

[ariane] 15/1/2024 07:54

Compagnie de Saint-Gobain Acquisition (6725Z)
15/01/2024 7:22am
UK Regulatory (RNS & others)

Compagnie De Saint-gobain (LSE:COD)


Monday 15 January 2024


TIDMCOD

RNS Number : 6725Z

Compagnie de Saint-Gobain

15 January 2024

Saint-Gobain enhances its digital solutions portfolio to accelerate its customers' decarbonization

Saint-Gobain has entered into a definitive agreement to acquire Glass Service a.s., a leading provider of digital solutions for glass furnaces, including advanced control systems and simulation software, which enables customers to reduce their energy consumption.

Closing of the transaction is subject to antitrust approvals and is expected by the end of the first half of 2024.

It will complement Saint-Gobain's range of digital services offering predictive, diagnostic, and data-driven solutions to improve energy efficiency for its customers and reduce the carbon footprint of their products and processes:

- Saint-Gobain recently invested in 3 start-ups for breakthrough innovation through its venture arm NOVA: Sysdyne Technologies to enhance productivity and traceability for ready-mix concrete production and delivery thanks to a cloud-native software platform, and Plantformance and Newboot to improve manufacturing performance thanks to a comprehensive suite of services and software programs as well as real-time data collection. These partnerships enable Saint-Gobain to integrate cutting-edge technologies, such as IoT (Internet of Things), artificial intelligence (AI), and digital twins which can result in a reduction of up to 10% in a factory's energy consumption.

- Since its acquisition of GCP in October 2022, Saint-Gobain owns and operates VERIFI(R) in the US, Europe and Asia-Pacific: a concrete management system which leverages IoT technology to ensure consistent quality and sustainability in ready-mix concrete production and delivery.

In addition, the SOLU+ and CAP RENOV digital tools sold by Saint-Gobain's merchanting businesses in France (Point.P in particular) continue to see growing success with trade professionals and renovation companies with about 90% of worksites eligible for MaPrimeRénov' having used the CAP RENOV advisory, layout and estimation tool in 2023.

These digital solutions contribute to the goals of Saint-Gobain's "Grow & Impact" strategic plan aiming to provide end-to-end solutions to its customers and accelerate the decarbonization of their products and processes.

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".

EUR51.2 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 and follow us on X @saintgobain

[waldron] 15/12/2023 08:13

Upcoming events on Saint-Gobain

2024-FEB-28 Q4 2023 Earnings Release

2024-APRIL-24 Q1 2024 Sales and Revenue Release

2024-JUNE-06 09:00 am Annual General Meeting

2024-JULY-24 Q2 2024 Earnings Release

[ariane] 15/12/2023 07:35

TIDMCOD

RNS Number : 9675W

Compagnie de Saint-Gobain

15 December 2023

Saint-Gobain strengthens its presence in construction chemicals in latin america

Saint-Gobain announces that it has entered into an agreement to acquire a majority stake in IMPTEK Chova del Ecuador, a leading player in the construction chemicals market in Ecuador providing differentiated and innovative waterproofing solutions. This will be Saint-Gobain's first manufacturing presence in the country.

With expected revenues of around EUR30m in 2023, operating one plant in the region of Quito and employing about 120 people, IMPTEK is a leader in the Ecuadorian construction market, offering a wide range of waterproofing solutions, sold locally but also exported to several Latin and Central American countries. With this acquisition, Saint-Gobain will benefit from IMPTEK's leading position to promote its comprehensive range of light and sustainable construction solutions into Ecuador.

The completion of the transaction is subject to approval by competition authorities and expected in the first half of 2024.

The acquisition of IMPTEK in Ecuador 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".

EUR51.2 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 and follow us on X @saintgobain