Compagnie de Saint-Gobain Acquisition (9475D)
26 Junio 2023 - 10:53AM
UK Regulatory
TIDMCOD
RNS Number : 9475D
Compagnie de Saint-Gobain
26 June 2023
SAINT-GOBAIN STRENGTHENS ITS PRESENCE IN
CONSTRUCTION CHEMICALS IN EGYPT
Saint-Gobain has completed the acquisition of United Paints and
Chemicals S.A.E. ("Drymix"), a ready-mix mortars manufacturer
serving the construction industry in Egypt.
Established in 1997, Drymix has become a generic name for
ready-mix mortars in Egypt, and offers a large portfolio of
products, services and training programs for craftsmen in the
country. The company currently employs 185 people in its plant in
"6th of October city", located 45 km from Cairo.
Saint-Gobain has been present in Egypt since 2006, operating 7
manufacturing plants and employing 575 people. This acquisition
accelerates its growth in the country by enhancing the range of
solutions offered across glass, gypsum and construction chemicals.
It follows the recent inauguration of a Saint-Gobain plant
producing technical mortars (adhesive and waterproofing) in Egypt
and the acquisition of IDP Chemicals in admixtures at the beginning
of 2023.
The acquisition of Drymix 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 Twitter
@saintgobain
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END
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(END) Dow Jones Newswires
June 26, 2023 11:53 ET (15:53 GMT)
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