SAINT-GOBAIN (EPA:SGO) - Saint-Gobain completes its acquisition of Chryso
Transparency directive : regulatory news
29/09/2021 19:00
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PRESS RELEASE
September 29, 2021
SAINT-GOBAIN COMPLETES ITS ACQUISITION OF CHRYSO
In line with its May 20, 2021 announcement, Saint-Gobain has today completed
its acquisition of Chryso, a leading global player on the construction
chemicals market.
Chryso provides comprehensive additives solutions for sustainable construction,
helping to significantly reduce the carbon footprint of concrete. The company
employs about 1,300 employees and generates approximately EUR400 million in
annual sales and around EUR85 million in EBITDA.
The enterprise value of EUR1,020 million represents a multiple of 12.0x
Chryso's last 12 months EBITDA of EUR85 million and a multiple of 7.6x post
run-rate synergies of EUR50 million in year 5.
Chryso joins the businesses serving the sustainable construction market within
the High Performance Solutions segment.
Benoit Bazin, Chief Executive Officer of Saint-Gobain, commented:
"The acquisition of Chryso is fully in line with our strategic vision of
Saint-Gobain as a world leader in sustainable construction focused on solutions
offering sustainability and performance to our customers. Chryso significantly
strengthens our presence on the growing construction chemicals market, where we
have completed 10 acquisitions and opened 16 plants in 18 countries over the
past three years, with sales today exceeding EUR3.0 billion in 66 countries."
Thierry Bernard, Chairman and Chief Executive Officer of Chryso, commented:
"We are delighted to be joining the Saint-Gobain Group today. The first
exchanges between our teams in preparation for the integration were very
enthusiastic and confirm the strong growth outlook for Chryso - particularly in
regions where we are not yet present - as well as our development strategy
driven by innovation and high performance solutions and the cultural proximity
of our teams."
SAINT-GOBAIN
Headquarters: Tour Saint-Gobain * 12 place de l'Iris * 92096 * La Défense
Cedex * France * Tél. : +33 1 88 54 00 00
www.saint-gobain.com
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions for
the construction, mobility, healthcare and other industrial application
markets. Developed through a continuous innovation process, they can be found
everywhere in our living places and daily life, providing wellbeing,
performance and safety, while addressing the challenges of sustainable
construction, resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING
THE WORLD A BETTER HOME", which responds to the shared ambition of all the
women and men in the Group to act every day to make the world a more beautiful
and sustainable place to live in.
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter @saintgobain
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