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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compagnie De Saint-gobain | LSE:COD | London | Ordinary Share | FR0000125007 | COMPAGNIE DE ST-GOBAIN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 80.825 | 77.00 | 84.65 | 3,348 | 10:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 0 |
TIDMCOD
RNS Number : 4520N
Compagnie de Saint-Gobain
29 September 2021
PRESS RELEASE
September 29, 2021
SAINT-GOBAIN COMPLETES ITS ACQUISITION OF CHRYSO
In line with its May 20, 2021 announcement, Saint-Gobain has today completed its acquisition of Chryso, a leading global player on the construction chemicals market.
Chryso provides comprehensive additives solutions for sustainable construction, helping to significantly reduce the carbon footprint of concrete. The company employs about 1,300 employees and generates approximately EUR400 million in annual sales and around EUR85 million in EBITDA.
The enterprise value of EUR1,020 million represents a multiple of 12.0x Chryso's last 12 months EBITDA of EUR85
million and a multiple of 7.6x post run-rate synergies of EUR50 million in year 5.
Chryso joins the businesses serving the sustainable construction market within the High Performance Solutions segment.
Benoit Bazin, Chief Executive Officer of Saint-Gobain, commented:
"The acquisition of Chryso is fully in line with our strategic vision of Saint-Gobain as a world leader in sustainable construction focused on solutions offering sustainability and performance to our customers. Chryso significantly strengthens our presence on the growing construction chemicals market, where we have completed 10 acquisitions and opened 16 plants in 18 countries over the past three years, with sales today exceeding EUR3.0 billion in 66 countries."
Thierry Bernard, Chairman and Chief Executive Officer of Chryso, commented:
"We are delighted to be joining the Saint-Gobain Group today. The first exchanges between our teams in preparation for the integration were very enthusiastic and confirm the strong growth outlook for Chryso - particularly in regions where we are not yet present - as well as our development strategy driven by innovation and high performance solutions and the cultural proximity of our teams."
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 ----------------------- -------------- --------------------- --------------
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September 29, 2021 13:13 ET (17:13 GMT)
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