Last checked at 15 Jun 2023 07:08
SAINT-GOBAIN strengthenS its presence in light construction in malaysia
Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a leading manufacturer of cement boards for façades, partitions, and ceilings in Malaysia. HCBI operates one manufacturing facility and employs 280 people in the west of Malaysia with revenues of around €20 million.
This lightweight board offering is a benchmark solution widely used for a broad range of applications, offering fast-growth potential.
This acquisition perfectly complements our existing offering, in particular of plasterboard in Malaysia. In Vietnam, we have experienced strong success with the combination of these boards, thanks to similar customer bases, applications and channels. In Malaysia, this acquisition promptly follows that of Best Crete in construction chemicals (resin-based flooring solutions).
Closing of the transaction is subject to customary conditions and expected in the third quarter of 2023.
This acquisition is in line with Saint-Gobain's strategic plan, "Grow & Impact" which aims to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufacturesand 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 decarbonizationof construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,"MAKING THE WORLD A BETTER HOME".
€51.2 billion in sales in 2022
168,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,visit http://www.saint-gobain.com and follow us on Twitter @saintgobain