Saint-Gobain Completes Acquisition of Fosroc
Deal News | Feb 11, 2025 | Zawya
Saint-Gobain, a leading French designer, manufacturer, and distributor in the construction and industrial sectors, has completed its acquisition of Fosroc, a prominent player in the global construction chemicals industry. This move marks an important step for Saint-Gobain in expanding its presence in construction chemicals, following previous acquisitions of Chryso, GCP, and Ovniver (Cemix brand). With Fosroc's integration, Saint-Gobain will enhance its reach across 76 countries, bolstering its sales to €6.5 billion. Fosroc is anticipated to generate $487 million in revenue by 2024, having maintained an annual growth rate of around 11% since 2021. Equipped with 20 manufacturing plants and employing about 3,000 staff, Fosroc contributes a range of construction solutions such as admixtures, sealants, and waterproofing products. This acquisition strengthens Saint-Gobain's footprint in high-growth markets like India and the Middle East, aligned with its strategic goal to lead in light and sustainable construction solutions.
Sectors
- Construction Chemicals
- Industrial Manufacturing
Geography
- France – Saint-Gobain is a French company, making this geography significant as it reflects the company's headquarters and primary operational base.
- India – Fosroc has a robust presence in India, representing a key market for Saint-Gobain's expansion strategy and the geographical focus of the acquisition.
- Middle East – The Middle East is a strategic growth area for Saint-Gobain, where Fosroc also has significant operations, reinforcing the company's market expansion goals in these regions.
- Asia-Pacific – As a region where Fosroc has substantial operations, the Asia-Pacific area is critical for the geographical expansion of Saint-Gobain's construction chemicals business.
Industry
- Construction Chemicals – The acquisition of Fosroc by Saint-Gobain highlights activity within the construction chemicals sector, including products like admixtures, adhesives, and waterproofing solutions essential for the construction industry.
- Industrial Manufacturing – Saint-Gobain's role as a major manufacturer and distributor relates directly to the industrial manufacturing sector, underscoring the integration of Fosroc's manufacturing capabilities into Saint-Gobain's operations.
Financials
- €6.5 billion – The combined sales target set by Saint-Gobain following the acquisition of Fosroc, indicating its expanded market reach.
- $487 million – The expected revenue generation for Fosroc in 2024, reflecting its financial performance contribution to Saint-Gobain.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saint-Gobain | Acquirer | Company | Saint-Gobain is a leading global player in designing, manufacturing, and distributing construction and industrial materials. |
| Fosroc | Target | Company | Fosroc is a global leader in the construction chemicals industry, providing diverse technical solutions for construction needs. |
| TradeArabia News Service | Source | Other | TradeArabia News Service provided the press release information about the acquisition. |
| Al Hilal Publishing and Marketing Group | Publisher | Other | Published the article mentioning the acquisition of Fosroc by Saint-Gobain. |