Saint Gobain Completes Acquisition of GCP Applied Technologies

[Administrator]

Construction material manufacturer Saint Gobain North America of Malvern, Pennsylvania, USA has recently completed the acquisition of GCP Applied Technologies of Alpharetta, Georgia, USA. GCP produces building materials as well as cement additives and concrete admixtures, the company had a turnover of 1.025 mio Euro (close to 1.000 mio USD) in 2021 and employs 1.800 people at 50 production sites worldwide. It can be assumed, that synergies are expected when integrating GCP's building materials division (CGP turnover 2021: 250 mio USD) into CertainTeed (roofing, siding, fencing, insulation) and CGP's construction chemicals division (CGP turnover 2021: 750 mio USD) into Chryso (additives and admixtures). Back in December 2021, when both companies announced the deal, the transaction value was not disclosed. All anti-trust approvals have been obtained, CGP will be delisted from the New York Stock Exchange.