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

15 Dec 2021 CW Team

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

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..