LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a leading manufacturer of cement boards for façades, partitions, and ceilings in Malaysia.
Hume Cemboard Industries operates one manufacturing facility and employs 280 people in the west of Malaysia with revenues of around €20 million.
This lightweight board offering is a benchmark solution widely used for a broad range of applications, offering fast-growth potential.
This acquisition perfectly complements our existing offering, in particular of plasterboard in Malaysia. In Vietnam, we have experienced strong success with the combination of these boards, thanks to similar customer bases, applications and channels. In Malaysia, this acquisition promptly follows that of Best Crete in construction chemicals (resin-based flooring solutions).
Closing of the transaction is subject to customary conditions and expected in the third quarter of 2023.
This acquisition 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.
Saint-Gobain to acquire U.P. Twiga, a glass wool insulation producer in India