SAINT-GOBAIN COMPLETES THE
ACQUISITION OF Ovniver GROUP in Mexico & central america,
further strengthening its worldwide presence in construction
chemicals
Saint-Gobain has today completed the acquisition
announced on August 15, 2024, of
OVNIVER Group (Cemix
brand), a leading construction
chemicals player in Mexico and Central America.
Following the acquisitions of
Chryso, GCP and FOSROC (underway), this represents another strategic step in establishing
Saint-Gobain's worldwide presence in construction chemicals, which
will have combined sales of €6.5 billion across 76 countries
following the acquisition (pro forma).
OVNIVER Group is expected to have
generated revenues of $285 million
in 2024, with a growth rate of around 20% per year on
average over the last 5 years, operates 16 manufacturing
plants and has around 1,000 employees. The Group offers a wide
range of innovative solutions for
residential and non-residential construction markets,
including façade coatings, tile adhesives, waterproofing and
surface preparation mortars.
This acquisition strengthens Saint-Gobain's presence in the
high-growth Mexican and Central American markets and is
fully aligned with the Group's
strategy to accelerate its worldwide presence in construction
chemicals.
OVNIVER Group will be consolidated
into the Americas Region.
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".
€47.9 billion in sales in 2023
160,000 employees, locations in 79 countries
Committed to achieving net zero carbon emissions by
2050
For more
information about Saint-Gobain, visit www.saint-gobain.com
and follow us on X @saintgobain
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