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An announcement from Compagnie de Saint Gobain ( (FR:SGO) ) is now available.
Saint-Gobain has finalized its acquisition of FOSROC, a significant player in the construction chemicals sector, strengthening its presence in Asia and emerging markets. This acquisition is part of Saint-Gobain’s strategy to lead in the construction chemicals industry, boosting its sales to €6.5 billion across 76 countries and enhancing its footprint in high-growth markets like India and the Middle East.
More about Compagnie de Saint Gobain
Saint-Gobain is a global leader in light and sustainable construction, offering materials and services for the construction and industrial markets. The company focuses on integrated solutions for building renovation, light construction, and decarbonization, emphasizing sustainability and performance. With a presence in 79 countries, Saint-Gobain employs 160,000 people and achieved sales of €47.9 billion in 2023. The company is committed to net zero carbon emissions by 2050.
YTD Price Performance: 8.57%
Average Trading Volume: 303,900
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €46.22B
For an in-depth examination of SGO stock, go to TipRanks’ Stock Analysis page.
