Compagnie de Saint-Gobain

M&A Activity • Dec 2, 2024

National Storage Mechanism | Additional information

RNS Number : 4908O

Compagnie de Saint-Gobain

02 December 2024

SAINT-GOBAIN FURTHER REINFORCES ITS LEADERSHIP IN LIGHT AND SUSTAINABLE CONSTRUCTION IN TURKEY WITH AN ACQUISITION IN INSULATION and the opening of a new construction chemicals plant

İzocam, a leading insulation manufacturer in Turkey co-owned by Saint-Gobain and Alghanim Industries (Kutayba Alghanim Group), has completed the acquisition of 100% of His Yalıtım, a local producer of stone wool. The company operates in Kayseri (Central Anatolia) and employs about 170 people.

This acquisition enhances İzocam's presence in Turkey, where it has four existing plants manufacturing high-quality insulation solutions.

Saint-Gobain has been present in Turkey since 1998 and currently operates 22 plants and employs around 2,000 people in the country. This acquisition reinforces Saint-Gobain's positioning in light and sustainable construction in Turkey where it has leadership positions in insulation, plaster and plasterboard, and construction chemicals, where it inaugurated its 11th Weber or Chryso plant last week.

The acquisition of His Yalıtım 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".

€47.9 billion in sales in 2023

160,000 employees, locations in 76 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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