Compagnie de Saint-Gobain

M&A Activity • Jan 15, 2025

Saint-Gobain has today completed the acquisition announced on August 15, 2024, of OVNIVER Group (Cemix brand), a leading construction chemicals player in Mexico and Central America.

Following the acquisitions of Chryso, GCP and FOSROC (underway), this represents another strategic step in establishing Saint-Gobain's worldwide presence in construction chemicals, which will have combined sales of €6.5 billion across 76 countries following the acquisition (pro forma).

OVNIVER Group is expected to have generated revenues of \$285 million in 2024, with a growth rate of around 20% per year on average over the last 5 years, operates 16 manufacturing plants and has around 1,000 employees. The Group offers a wide range of innovative solutions for residential and non-residential construction markets, including façade coatings, tile adhesives, waterproofing and surface preparation mortars.

This acquisition strengthens Saint-Gobain's presence in the high-growth Mexican and Central American markets and is fully aligned with the Group's strategy to accelerate its worldwide presence in construction chemicals.

OVNIVER Group will be consolidated into the Americas Region.

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 79 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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