Compagnie de Saint-Gobain

M&A Activity • Feb 2, 2024

Saint-Gobain has completed the acquisition of International Cellulose Corporation (ICC), a leading manufacturer of specialty insulation in the United States, including spray-on thermal, fireproofing and acoustic finish systems for the US non-residential market.

ICC employs approximately 50 employees at its manufacturing site in Houston, Texas, and generated revenues of around \$30 million in 2023. ICC's insulation solutions are manufactured with natural, plant-based fibers (primarily cellulose) and high recycled content, containing high levels of sequestered carbon.

This acquisition allows Saint-Gobain to complement its offer for building envelope protection including the solutions brought by the acquisition of GCP such as MONOKOTE® (fireproofing), Ice & Water Shield® (waterproofing membranes for roofing), and Perm-A-Barrier® (vapor barriers for siding).

The acquisition of ICC is in line with Saint-Gobain's "Grow & Impact" strategy aiming 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 www.saint-gobain.com and follow us on X @saintgobain

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