Compagnie de Saint-Gobain Acquisition (9675W)
15 Dezember 2023 - 8:05AM
UK Regulatory
TIDMCOD
RNS Number : 9675W
Compagnie de Saint-Gobain
15 December 2023
Saint-Gobain strengthens its presence in construction chemicals
in latin america
Saint-Gobain announces that it has entered into an agreement to
acquire a majority stake in IMPTEK Chova del Ecuador, a leading
player in the construction chemicals market in Ecuador providing
differentiated and innovative waterproofing solutions. This will be
Saint-Gobain's first manufacturing presence in the country.
With expected revenues of around EUR30m in 2023, operating one
plant in the region of Quito and employing about 120 people, IMPTEK
is a leader in the Ecuadorian construction market, offering a wide
range of waterproofing solutions, sold locally but also exported to
several Latin and Central American countries. With this
acquisition, Saint-Gobain will benefit from IMPTEK's leading
position to promote its comprehensive range of light and
sustainable construction solutions into Ecuador.
The completion of the transaction is subject to approval by
competition authorities and expected in the first half of 2024.
The acquisition of IMPTEK in Ecuador is in line with
Saint-Gobain's strategic plan "Grow & Impact", which aims to
both strengthen the Group's leadership and accelerate its growth by
enriching its range of solutions for light and sustainable
construction.
About Saint-Gobain
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures and distributes materials and
services for the construction and industrial markets. Its
integrated solutions for the renovation of public and private
buildings, light construction and the decarbonization of
construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose, "MAKING THE WORLD A
BETTER HOME".
EUR51.2 billion in sales in 2022
168,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain, visit
www.saint-gobain.com and follow us on X @saintgobain
Analyst/investor relations Press relations
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Vivien Dardel: +33 1 88 54 29 77 Patricia Marie : +33 1 88 54 26 83
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Floriana Michalowska: +33 1 88 54 19 09 Laure Bencheikh : +33 1 88 54 26 38
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Alix Sicaud: +33 1 88 54 38 70 Flavio Bornancin-Tomasella : +33 1 88 54 27 96
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James Weston: +33 1 88 54 01 24
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END
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December 15, 2023 02:05 ET (07:05 GMT)
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