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20 Oct 2021 17:05
PRESS RELEASE
October 20, 2021
SAINT-GOBAIN ENTERS the construction chemicals MARKET in mexico
Saint-Gobain has entered into an agreement to acquire IMPAC, a leader in construction chemicals solutions in Mexico. IMPAC recorded sales of close to €50 million in 2020. It operates one plant in Monterrey and employs about 630 people.
This acquisition is fully in line with the "Grow & Impact" plan unveiled on October 6 during Saint-Gobain's Capital Markets Day, and aims to both strengthen the Group's leadership in Latin America and accelerate its growth in the region by enriching its range of solutions for light and sustainable construction.
In Mexico, Saint-Gobain employs 7,500 people and has 11 manufacturing sites. The Group is a leader on the construction glass market and recently entered the plasterboard market in the country. With the acquisition of IMPAC, a leader in construction chemicals, Saint-Gobain will substantially strengthen its position on the Mexican market by being the first actor to offer a comprehensive range of solutions for light and sustainable construction in the country.
The completion of the transaction is subject to approval by the Mexican competition authority and is expected in the coming months.
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.
€38.1 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 and follow us on Twitter @saintgobain
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