LONDON: Saint-Gobain has signed an agreement for the acquisition of Duraziv, a Romanian group specialized in the production of adhesives and other value-added construction chemicals solutions, a news release said.
This acquisition will allow Saint-Gobain to expand its range of interior and exterior finishing solutions. At the same time, it will accelerate the Group’s market penetration and help it drive an improvement in the energy efficiency of buildings in Romania thanks to high value-added external thermal insulation solutions (ETICS) based on locally produced stone wool and mortars.
This follows the recent acquisition of Scientific and Production Company Adhesive LLC in Russia, a full-cycle company specialized in polyurethane and epoxy production to develop, manufacture and supply a broad selection of high-quality products for the construction, transport and space markets.
These acquisitions, which represent around €40 million in sales, are subject to the approval of the competent competition authorities. They are in line with Saint-Gobain’s strategy of expanding its offer of solutions for sustainability and performance, and enable the Group in particular to reinforce its offer to customers in chemical construction.
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change.
This strategy of responsible growth is guided by the Saint-Gobain purpose, “MAKING THE WORLD A BETTER HOME”, which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.