Saint-Gobain Completes Acquisition of Construction Chemicals Firm FOSROC
Why we think this is good
The acquisition of FOSROC is a positive strategic move for Saint-Gobain, as it strengthens the company's presence in the high-growth construction chemicals market, particularly in emerging markets. The expected revenue and growth rate of FOSROC suggest the acquisition could contribute positively to Saint-Gobain's overall financial performance. However, the lack of financial details and the absence of broker targets make it difficult to fully assess the impact on the company's valuation.
Key Points
- Saint-Gobain completes acquisition of FOSROC, a leading global construction chemicals player
- Acquisition strengthens Saint-Gobain's worldwide presence in construction chemicals, with combined sales of €6.5 billion across 76 countries
- FOSROC expected to have generated $487 million in revenues in 2024, with 11% average annual growth since 2021
- Acquisition aligns with Saint-Gobain's strategy to be the worldwide leader in light and sustainable construction
Summary
Saint-Gobain has completed the acquisition of FOSROC, a leading global construction chemicals player with a strong geographic footprint in India, the Middle East and Asia-Pacific. This represents an important step in establishing Saint-Gobain's worldwide presence in construction chemicals, which will have combined sales of €6.5 billion across 76 countries following the acquisition. FOSROC is expected to have generated revenues of $487 million in 2024, with a growth rate of around 11% per year on average since 2021. The acquisition strengthens Saint-Gobain's presence in high-growth emerging markets and is fully aligned with the Group's strategy to be the worldwide leader in light and sustainable construction.