Saint-Gobain enters into definitive agreement to acquire FOSROC ...United Arab Emirates

Construction chemical specialist FOSROC is to be acquired by Saint-Gobain for approximately US $1.025bn in cash. According to a statement from Saint-Gobain, the two firms have entered into a definitive agreement; the deal will strengthen Saint-Gobain’s worldwide presence in the construction chemicals segment. 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 in construction chemicals, which will have combined sales of $6.63bn across 73 countries following the acquisition (pro forma), said the statement. According to the statement, FOSROC is a global construct

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