COD Compagnie De Saint-gobain

TIDMCOD

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

 
 Analyst/investor relations                   Press relations 
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January 18, 2024 12:07 ET (17:07 GMT)

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