Compagnie de Saint-Gobain

M&A Activity • Jun 15, 2023

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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 façades, partitions, and ceilings in Malaysia. HCBI operates one manufacturing facility and employs 280 people in the west of Malaysia with revenues of around €20 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".

€51.2 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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