PARIS: Boralex Inc. (TSX: BLX) and Saint-Gobain (EPA: SGO) have announced the signing of a 20-year renewable electricity purchase agreement (“Power Purchase Agreement” or PPA) in France, involving three power plants developed, built, and operated by Boralex. The combination of wind and solar technologies will provide Saint-Gobain’s industrial operations in France with a renewable electricity…
All posts tagged Saint-Gobain
Saint-Gobain to acquire FOSROC for $1.025 billion in cash
LONDON: Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million) in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain’s worldwide presence…
Saint-Gobain to Bailey-Hunt Group in Canada for CAD 880 million
LONDON: Saint-Gobain announces that it has entered into a definitive agreement for the acquisition of The Bailey Group Companies – consisting of Bailey-Hunt Limited and its subsidiaries – a privately owned manufacturer of metal building solutions for light construction in Canada, for C$880 million (approximately €600 million) in cash. Bailey-Hunt is a leading player in metal framing in Canada with C$532 million…
Saint-Gobain boosts construction chemicals business, advances innovative decarbonization
LONDON: Saint-Gobain Construction Chemicals is expanding its efforts to deploy new additives for low-carbon cement and concrete. These low-carbon technologies open up tremendous opportunities for co-development with new partners in fast-growing markets and to accelerate Saint-Gobain’s profitable growth in construction chemicals. Two partnerships illustrate this move: – Saint-Gobain has participated in the fund raising of…
Saint-Gobain to buy Australian building products firm CSR for A$4.5bn
LONDON, UK: French construction giant Saint-Gobain announced on Wednesday that it has agreed to acquire CSR Limited, a leading Australian building products company, for A$9.00 per share in cash, valuing the deal at A$4.5 billion (c. €2.7bn). The acquisition will give Saint-Gobain a strong foothold in the attractive Australian construction market, which is driven by…
Saint-Gobain to buy Australian building materials firm, CSR Limited for A$9 per share
Saint-Gobain, the global leader in light and sustainable construction, has made a non-binding offer to acquire CSR Limited, a leading Australian building materials company, for A$9 per share in cash, valuing the deal at around A$3.5 billion. The offer is subject to due diligence, regulatory approvals, and CSR shareholders’ approval. CSR’s board has unanimously agreed…
Saint-Gobain signs solar power deal with CVE in South Africa
PARIS, FRANCE: Saint-Gobain, a global leader in building materials, has entered into a 20-year renewable electricity supply agreement with CVE, a French independent renewable energy producer. The deal will provide Saint-Gobain with about 140 GWh of solar power per year, covering 40% of the electricity needs of its four major industrial sites in South Africa.…
Saint-Gobain signs a renewable electricity supply agreement with Alpiq Energie France
PARIS, FRANCE: In France, Saint-Gobain has signed a 14-year renewable electricity supply agreement (Power Purchase Agreement or PPA) with Alpiq Energie France. This contract covers the purchase of electricity generated by two solar farms located in Moselle (East of France). Alpiq Energie France will supply over 500 GWh of solar electricity to Saint-Gobain over the…
TotalEnergies signs 15-year solar PPA with Saint-Gobain
TotalEnergies has signed a 15-year renewable Power Purchase Agreement (PPA) with Saint-Gobain to supply 100 MW of clean energy from its Danish Fields Solar farm in Texas. The PPA will help Saint-Gobain offset its North American Scope 2 CO2 emissions from electricity by 90,000 metric tons per year. The Danish Fields Solar farm is expected…
Saint-Gobain sells US fence, railing and decking business to Oldcastle APG
LONDON, UK: Saint-Gobain, the French multinational manufacturer of building materials and solutions, has announced that it has completed the sale of its US fence, railing and decking business (FRD) to Oldcastle APG, a subsidiary of CRH plc, the Irish building materials group. The FRD business, which operates under the CertainTeed brand, generated sales of around…
TotalEnergies to supply certified sustainable biomethane to Saint-Gobain
PARIS, FRANCE: TotalEnergies has signed a 100 GW biomethane purchase agreement with Saint-Gobain France for a three-year period starting in 2024. The biomethane will be produced by TotalEnergies at its BioBéarn biomethane plant, which came on stream at the beginning of the year and whose production is certified sustainable by ISCC1 under the highest sustainability…
Saint-Gobain divests several glass processing businesses in Germany & Austria
LONDON, UK: Saint-Gobain has entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt – a glass processing business in Germany – to the CALEOGLAS Group. The closing…