After the takeover in May of Chryso, French number one in construction chemicals, for one billion euros, Saint-Gobain made a new acquisition in the construction chemicals sector. He announced, Monday, December 6, the takeover of the American GCP Applied Technologies for two billion euros. With 50 production plants in 38 countries, it specializes in cement additives, concrete admixtures and waterproofing solutions for buildings.
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“This transaction allows us to increase our positions in sustainable construction, gives us a unique position in building chemicals and will strengthen our presence in North America and in emerging countries”, explains Benoît Bazin, CEO of Saint Gobain. The group should become the co-leader in this market with the Swiss Sika, which it had also tried to buy six years ago.
Reduce CO emissions2
With this acquisition, Saint-Gobain is getting its hands on a “Unique know-how and (from) iconic brands in the United States ”, insists its general manager. In emerging countries, additives also make it possible to improve the productivity of concrete, in particular by accelerating the setting speed, and GCP has thus developed digital solutions with sensors on the concrete mixers installed on these sites.
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Construction chemicals are experiencing strong growth today, as they reduce the carbon footprint of cement and concrete. An essential point when the building alone represents 40% of CO emissions2. “We can divide by three or four the carbon content of concrete by changing the formulation and adding additives”, says the CEO of Saint-Gobain. According to him, more and more large construction groups are already offering low-carbon solutions for construction sites, like what is happening for the works of Greater Paris.