TIDMCOD

RNS Number : 8085Y

Compagnie de Saint-Gobain

17 May 2021

PRESS RELEASE

May 17, 2021

SAint-gobain strengthens its position in

value-added construction chemicals solutions

Saint-Gobain has signed an agreement for the acquisition of Duraziv, a Romanian group specialized in the production of adhesives and other value-added construction chemicals solutions.

This acquisition will allow Saint-Gobain to expand its range of interior and exterior finishing solutions. At the same time, it will accelerate the Group's market penetration and help it drive an improvement in the energy efficiency of buildings in Romania thanks to high value-added external thermal insulation solutions (ETICS) based on locally produced stone wool and mortars.

This follows the recent acquisition of Scientific and Production Company Adhesive LLC in Russia, a full-cycle company specialized in polyurethane and epoxy production to develop, manufacture and supply a broad selection of high-quality products for the construction, transport and space markets.

These acquisitions, which represent around EUR40 million in sales, are subject to the approval of the competent competition authorities. They are in line with Saint-Gobain's strategy of expanding its offer of solutions for sustainability and performance, and enable the Group in particular to reinforce its offer to customers in chemical construction .

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 70 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com a nd follow us on Twitter @saintgobain

 
 
        Analyst/Investor relations                    Press relations 
                           +33 1 88 54                           +33 1 88 54 
                            29 77                                 26 83 
                            +33 1 88 54   Patricia Marie          + 33 1 88 54 
 Vivien Dardel              19 09          Bénédicte    14 75 
  Floriana Michalowska      +33 1 88 54    Debusschere            +33 1 88 54 
  Christelle Gannage        15 49          Susanne Trabitzsch     27 96 
-----------------------  --------------  ---------------------  -------------- 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQARMFTMTMBMAB

(END) Dow Jones Newswires

May 17, 2021 02:07 ET (06:07 GMT)

Grafico Azioni Compagnie De Saint-gobain (LSE:COD)
Storico
Da Ott 2021 a Nov 2021 Clicca qui per i Grafici di Compagnie De Saint-gobain
Grafico Azioni Compagnie De Saint-gobain (LSE:COD)
Storico
Da Nov 2020 a Nov 2021 Clicca qui per i Grafici di Compagnie De Saint-gobain