Compagnie de Saint-Gobain Acquisition (8281C)
15 6월 2023 - 3:08PM
UK Regulatory
TIDMCOD
RNS Number : 8281C
Compagnie de Saint-Gobain
15 June 2023
SAINT-GOBAIN strengthenS its presence in light construction in
malaysia
Saint-Gobain has entered into a definitive agreement to acquire
Hume Cemboard Industries Sdn Bhd (HCBI), a leading manufacturer of
cement boards for fa ç ades, partitions, and ceilings in Malaysia.
HCBI operates one manufacturing facility and employs 280 people in
the west of Malaysia with revenues of around EUR20 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.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures
and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of
public and private buildings, light construction and the
decarbonization
of construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".
EUR51.2 billion in sales in 2022
168,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit http://www.saint-gobain.com and follow us on Twitter
@saintgobain
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END
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June 15, 2023 02:08 ET (06:08 GMT)
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