Saint-Gobain
Assembly Line
Saint-Gobain announces that it has entered into a definitive agreement to acquire FOSROC
Saint-Gobain announces that it has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million) in cash.
A unique opportunity, fully aligned with Saint-Gobain’s strategy to strengthen its worldwide presence in construction chemicals, supported by solid macroeconomic factors including the transition towards low-carbon concrete. It will complement the Group’s worldwide growth platform in construction chemicals.
The integration will be led by Thierry Bernard, Chief Executive Officer of Construction Chemicals, with the experienced team who developed the Chryso business over many years, managed its integration within Saint-Gobain and who has piloted its successful combination with GCP since 2022, providing a high level of confidence in the integration of FOSROC. It will be consolidated into the High Performance Solutions segment.