SAINT-GOBAIN COMPLETES THE
ACQUISITION OF FOSROC, a leading player in Construction chemicals
in asia and emerging markets, further strengthening
its worldwide presence in the sector
Saint-Gobain has completed the acquisition
announced on June 27, 2024, of
FOSROC, a leading global construction chemicals
player with a strong
geographic footprint in India, the Middle East and
Asia-Pacific in particular.
Following the acquisitions of
Chryso, GCP and OVNIVER (Cemix brand), this represents another important step in establishing
Saint-Gobain's worldwide presence in construction chemicals, which
will have combined sales of €6.5 billion across 76 countries
following the acquisition (pro forma).
FOSROC is expected to have generated
revenues of $487 million in 2024, with a growth rate of
around 11% per year on average since 2021.
With 20 manufacturing plants and around 3,000
employees, FOSROC provides a wide range of technical solutions for
the construction industry, including admixtures and additives for
concrete and cement, adhesives and sealants, waterproofing
solutions, concrete repair solutions and flooring.
This acquisition strengthens Saint-Gobain's presence in
high-growth emerging markets, notably India and the Middle
East and is fully aligned
with the Group's strategy to be the worldwide leader in light and
sustainable construction.
FOSROC will be consolidated into the
High Performance Solutions segment.
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, celebrating its 360th
anniversary in 2025, remains more committed than ever to its
purpose "MAKING THE WORLD A BETTER HOME".
€47.9 billion in sales in 2023
160,000 employees, locations in 79 countries
Committed to achieving net zero carbon emissions by
2050
For more
information about Saint-Gobain, visit www.saint-gobain.com
and follow us on X @saintgobain
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