Saint-Gobain (Courbevoie, France) has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022. GCP will delist from the New York Stock Exchange. With approximately $1.0 billion revenues generated in 2021 by 1,800 employees working on 50 production sites in 38 countries, GCP Applied Technologies provides a global platform with established success in cement additives, concrete admixtures, infrastructure and commercial and residential building materials. This acquisition is a major milestone in establishing Saint-Gobain’s leading position worldwide in construction chemicals and furthers the Group’s strategy as worldwide leader in light and sustainable construction. The specialty building materials business in North America (c. $250 million of sales) will be integrated into the CertainTeed business serving local customers in its Region. All other businesses, consisting of mainly concrete admixtures and cement additives (around $750 million of sales) will be combined with the Chryso business and be part of the High Performance Solutions segment.
Saint-Gobain finalizes acquisition of GCP Applied Technologies
| By Mary Bailey