Saint-Gobain formed a definitive agreement to acquire FOSROC, a privately owned global construction chemicals company, for $1,025 million (approximately €960 million) in cash.  After several company's acquisition since 2021, this decision is a new strategic step in establishing Saint-Gobain's global presence in construction chemicals. The combined sales of the company will be €6.2 billion across 73 countries after the acquisition.

Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, stated, "The acquisition of FOSROC alignes with our "Grow & Impact" strategic plan. It is a unique opportunity for Saint-Gobain to establish its global presence in construction chemicals further and to fortify its presence in high-growth emerging markets, particularly in India and the Middle East." I am highly impressed by the leadership, strategy, and development of FOSROC, as well as the team's impressive track record of profitable

growth and excellent execution. The merger of the two organisations will enable us to broaden our profitable growth platform in the construction chemicals sector.

Jim Hay, Chairman of FOSROC, stated, "This is the commencement of an exciting new chapter in the history of FOSROC." Our commitment to providing our customers with the highest quality solutions and satisfaction has allowed us to establish ourselves as a prominent player in the construction chemicals industry".

Rob Bonnici, the Chief Executive Officer of FOSROC, stated, "The opportunity to collaborate with Saint-Gobain, a global leader in construction chemicals and a global leader in light and sustainable construction, is an ideal next phase in enhancing our offering by capitalizing on Saint-Gobain's innovation and technology in construction chemicals".

Source : Saint-Gobain