Compagnie de Saint Gobain (FR:SGO) has released an update.
Saint-Gobain has finalized a deal to acquire FOSROC, a key player in construction chemicals, for $1.025 billion, expanding its market reach across 73 countries with projected sector revenues of €6.2 billion. FOSROC, with substantial operations in India, the Middle East, and Asia-Pacific, is expected to bring in $487 million in revenue for 2024 and contribute to Saint-Gobain’s strong portfolio with its technical solutions and 18.7% EBITDA margin. Funded by the Group’s cash reserves, the acquisition aligns with Saint-Gobain’s strategic ‘Grow & Impact’ plan and is anticipated to be value accretive from the first year.
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