Compagnie de Saint-Gobain Acquisition (2740T)

TIDMCOD

RNS Number : 2740T

Compagnie de Saint-Gobain

16 March 2023

SAINT-GOBAIN AND DALSAN

merge their activities IN TURKEY

TO CREATE A LEADER IN PLASTER AND PLASTERBOARD

Saint-Gobain and Dalsan have obtained the necessary approval from competition authorities to merge their plaster and plasterboard activities in Turkey.

Together, Saint-Gobain Rigips and Dalsan Alçi generated revenues in excess of EUR160 million in 2022. They will benefit from a leadership position with an annual production capacity of 100 million square meters for plasterboard, 2 million tons for plaster and 50 million meters for metal profiles, following the completion of a capital expenditure project at the new plant in Turgutlu (near Izmir) later in 2023.

They will benefit from a combined know-how, an enlarged production capacity and an optimized modern industrial footprint in plasterboard and plaster. Their customers in Turkey or export clients with growing needs in the Eastern Mediterranean will have access to the most innovative and complete portfolio of light and sustainable solutions for the construction and renovation of the building envelope as well as internal partitioning.

Present in Turkey since 1998, Saint-Gobain is currently operating 16 plants across the country and holds leadership positions in insulation, gypsum and construction chemicals. Saint-Gobain employs around 1,300 people in Turkey.

This partnership 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 DALSAN

Established in 1932, Dalsan is the leading manufacturer in Turkey and a major player for export with its comprehensive range of innovative and high performance solutions including plasters, mortars with silo system, plasterboards, exterior sheathing boards, flooring, roofing and steel framing. Dalsan is currently operating 2 plants in Gebze and Ankara and has an ongoing investment in Manisa Turgutlu that will bring extra capacity and geographical advantage following its completion in 2023. Leading the sector with its innovations, Dalsan Alçı makes a difference for construction solutions from floor to roof and wall to wall.

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 Twitter @saintgobain

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(END) Dow Jones Newswires

March 16, 2023 12:54 ET (16:54 GMT)