SAINT-GOBAIN SIGNS AN AGREEMENT FOR THE ACQUISITION OF CHRYSO, A LEADING GLOBAL PLAYER IN CONSTRUCTION CHEMISTRY
Saint-Gobain announces today that it has signed an agreement for the acquisition of Chryso, a leading global player in the construction chemicals market, offering differentiated and innovative solutions, from funds advised by the international capital company -Cinven investment. Chryso provides complete additive solutions for sustainable construction, leveraging innovative chemical processes, formulation expertise and knowledge of building materials.
A similar culture and shared values: excellent alignment of cultures which suggests a successful integration. Chryso will be integrated into Saint-Gobain’s High Performance Solutions segment, which will fuel its development through innovation and co-development with major global customers. Thierry Bernard, CEO of Chryso, and his team will lead the development of the Group in specialty additives for building materials. They will share their exceptional experience and know-how in this area to accelerate the creation of value for Saint-Gobain shareholders and customers.
Thierry Bernard, Chairman and CEO of Chryso, declared:
“We are very excited to join Saint-Gobain and to build together the new chapter in the history of Chryso’s growth. This is a great recognition of what the Chryso team has been able to achieve in recent years. Saint-Gobain is the ideal strategic partner with a global presence in the construction chemicals market and a large portfolio of solutions, with R&D and innovation capabilities and operational excellence that will allow Chryso to accelerate its development. and ensure its continued success. “
Pierre-André de Chalendar, Chairman and CEO of Saint-Gobain, and Benoit Bazin, Deputy CEO, declared:
“The acquisition of Chryso is a unique opportunity for Saint-Gobain to further develop our already strong presence in the growing construction chemicals market. It is perfectly aligned with our ESG * strategy to offer our clients a value proposition focused on sustainability and performance. We are impressed by Chryso’s profitable growth history over the past few years and very happy to welcome Thierry Bernard and his team to our Group. We are confident that together we can accelerate growth and leverage our common know-how and international capabilities to offer innovative solutions to our clients and support sustainable and profitable growth to create value for our shareholders. “
After completion of the information-consultation procedure with employee representative bodies, and subject to obtaining authorization from the competent competition authorities, this acquisition should be finalized in the second half of 2021.
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