Sign In
10 Feb 2025 07:12
SAINT-GOBAIN COMPLETES THE ACQUISITION OF FOSROC, a leading player in Construction chemicals in asia and emerging markets, further strengtheningits 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
Analyst/investor relations | Press relations | |||
Vivien Dardel: | +33 1 88 54 29 77 | Patricia Marie: | +33 1 88 54 26 83 | |
Floriana Michalowska: | +33 1 88 54 19 09 | Laure Bencheikh: | +33 1 88 54 26 38 | |
Alix Sicaud: | +33 1 88 54 38 70 | Yanice Biyogo: | +33 1 88 54 27 96 | |
James Weston: | +33 1 88 54 01 24 |
|
| |
Follow the stocks
