+
Saint-Gobain to acquire GCP Applied Technologies for $2.3 billion
Real Estate

Saint-Gobain to acquire GCP Applied Technologies for $2.3 billion

Saint-Gobain said that the company would acquire GCP Applied Technologies, a US-based construction chemicals company, at around $2.3 billion.

The company said that this acquisition would make Saint-Gobain a leading construction chemicals company, with total sales of over 4 billion euros from 3 billion euros.

The acquisition of GCP comes after the acquisition of Chryso for over $1 billion.

Saint-Gobain said that after the acquisition of Chryso, GCP is the next company to expand the company's presence in admixtures and additives, providing a solution to decarbonize the construction industry.

Chief executive of Saint-Gobain, Benoit Bazin, highlighted the growth opportunity in the US-based construction company.

The company said that the acquisition would create value by three years following the closure of the transaction. It will finance the acquisition through cash. The significant synergy opportunities are estimated at $85 million by year five. However, the transaction is expected to conclude by December 2022.

Image Source

Also read: Saint-Gobain bags minority stake in home interior firm Livspace
Also read: Saint-Gobain aims Rs 1,000 cr income from housing solutions business

Saint-Gobain said that the company would acquire GCP Applied Technologies, a US-based construction chemicals company, at around $2.3 billion. The company said that this acquisition would make Saint-Gobain a leading construction chemicals company, with total sales of over 4 billion euros from 3 billion euros. The acquisition of GCP comes after the acquisition of Chryso for over $1 billion. Saint-Gobain said that after the acquisition of Chryso, GCP is the next company to expand the company's presence in admixtures and additives, providing a solution to decarbonize the construction industry. Chief executive of Saint-Gobain, Benoit Bazin, highlighted the growth opportunity in the US-based construction company. The company said that the acquisition would create value by three years following the closure of the transaction. It will finance the acquisition through cash. The significant synergy opportunities are estimated at $85 million by year five. However, the transaction is expected to conclude by December 2022. Image Source Also read: Saint-Gobain bags minority stake in home interior firm Livspace Also read: Saint-Gobain aims Rs 1,000 cr income from housing solutions business

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code