Saint-Gobain to Acquire OVNIVER Group for $815 Million

Saint-Gobain has signed an agreement to acquire OVNIVER Group for $815 million in cash. This acquisition enhances Saint-Gobain's global footprint in the construction chemicals industry, integrating a key player from the high-growth Mexican and Central American markets.

OVNIVER Group, with expected revenues of $285 million and a 20% annual growth over the past five years, will bolster Saint-Gobain's operations. The acquisition, slated for completion in the first half of 2025, includes 16 manufacturing plants and around 1,000 employees.

Saint-Gobain's move aligns with its strategy to expand in construction chemicals, complemented by recent acquisitions of Chryso, GCP, and FOSROC. The Group will maintain a strong balance sheet post-acquisition.