Compagnie de Saint Gobain (FR:SGO) has released an update.
Saint-Gobain has signed a definitive agreement to acquire OVNIVER Group, a leading construction chemicals company in Mexico and Central America, for $815 million. This acquisition, which is expected to close in the first half of 2025, aligns with Saint-Gobain’s strategic expansion in construction chemicals, with the combined operations projected to generate €6.5 billion in sales across 76 countries. OVNIVER Group’s strong growth, with a 20% annual increase in revenues and a 21.7% EBITDA margin, is set to bolster Saint-Gobain’s position in these high-growth markets.
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