Compagnie de Saint-Gobain Acquisition (7237P)

TIDMCOD

RNS Number : 7237P

Compagnie de Saint-Gobain

20 October 2021

PRESS RELEASE

October 20, 2021

SAINT-GOBAIN ENTERS the construction chemicals MARKET in mexico

Saint-Gobain has entered into an agreement to acquire IMPAC, a leader in construction chemicals solutions in Mexico. IMPAC recorded sales of close to EUR50 million in 2020. It operates one plant in Monterrey and employs about 630 people.

This acquisition is fully in line with the "Grow & Impact" plan unveiled on October 6 during Saint-Gobain's Capital Markets Day, and aims to both strengthen the Group's leadership in Latin America and accelerate its growth in the region by enriching its range of solutions for light and sustainable construction.

In Mexico, Saint-Gobain employs 7,500 people and has 11 manufacturing sites. The Group is a leader on the construction glass market and recently entered the plasterboard market in the country. With the acquisition of IMPAC, a leader in construction chemicals, Saint-Gobain will substantially strengthen its position on the Mexican market by being the first actor to offer a comprehensive range of solutions for light and sustainable construction in the country.

The completion of the transaction is subject to approval by the Mexican competition authority and is expected in the coming months.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 70 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 
 
        Analyst/Investor relations                   Press relations 
                          +33 1 88 54                            +33 1 88 54 
                           29 77                                  26 83 
                           +33 1 88 54   Patricia Marie           +33 1 88 54 
 Vivien Dardel             19 09          Bénédicte     14 75 
  Floriana Michalowska     +33 1 88 54    Debusschere             +33 1 88 54 
  Christelle Gannage       15 49          Susanne Trabitzsch      27 96 
-----------------------  -------------  ---------------------  -------------- 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQMMBFTMTMTBJB

(END) Dow Jones Newswires

October 20, 2021 12:05 ET (16:05 GMT)