Add-on Acquisition • Chemicals

Saint-Gobain Acquires Fosroc

On June 27, 2024, Saint-Gobain acquired chemicals company Fosroc for 1.0B USD

Acquisition Context
  • This is Saint-Gobain’s 5th transaction in the Chemicals sector.
  • This is Saint-Gobain’s 4th largest (disclosed) transaction.
  • This is Saint-Gobain’s 7th transaction in the United Kingdom.

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M&A Deal Summary

Date June 27, 2024
Target Fosroc
Sector Chemicals
Buyer(s) Saint-Gobain
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target Company

Fosroc

Staffordshire, United Kingdom
Fosroc is a manufacturer and supplier of high-performance chemicals for the construction industry. Fosroc was founded in 1982 and is based in Staffordshire, United Kingdom.
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Buyer Overview 1

Buyer

Saint-Gobain

Courbevoie, France

Category Company
Founded 1665
Sector Building Materials
Employees161,482
Revenue 46.6B EUR (2024)
DESCRIPTION

Saint-Gobain is a manufacturer, designer, and distributor of functional materials for the construction, industrial and consumer markets. Saint-Gobain provides comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change. Saint-Gobain was founded in 1665 and is based in Courbevoie, France.


Deal Context for Buyer #
Overall 49 of 51
Sector: Chemicals 5 of 6
Type: Add-on Acquisition 45 of 47
Country: United Kingdom 7 of 7
Year: 2024 4 of 5
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Bailey Metal Products

Concord, Ontario, Canada

The Bailey Group of Companies is a family-owned group consisting of Bailey-Hunt Limited and Bailey Metal Products Limited, which offers building solutions to both the commercial framing and drywall finishing residential markets. The Bailey Group of Companies was formed in 1950 and is based in Concord, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-15 OVNIVER Group

Monterrey, Mexico

OVNIVER Group is a construction chemicals company with a strong commercial and industrial footprint in the Mexican and Central American markets. OVNIVER Group is based in Monterrey, Mexico.

Buy $815M