Compagnie de Saint Gobain (FR:SGO) has released an update.
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Compagnie de Saint-Gobain has announced a definitive agreement to acquire Kilwaughter, a key player in the UK and Ireland façade mortars market, known for its brands K Rend and K Systems. This acquisition, which is expected to close in the first half of 2025, aligns with Saint-Gobain’s ‘Grow & Impact’ strategy to expand its sustainable construction solutions. Kilwaughter, with a single manufacturing site in Northern Ireland and 200 employees, reported £50 million in revenue for the fiscal year ending April 2024.
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