Saint-Gobain expands global footprint with FOSROC acquisition

Saint-Gobain has completed the acquisition of FOSROC, a key player in building chemicals in Asia and emerging countries, significantly strengthening its global footprint in the sector.

Saint-Gobain has completed the acquisition of FOSROC, a significant global construction chemicals business with a large geographic footprint in India, the Middle East, and Asia-Pacific, as announced on June 27, 2024.

Following the acquisitions of Chryso, GCP, and OVNIVER (Cemix brand), this marks another significant step in building Saint-Gobain’s global footprint in construction chemicals, with combined sales of €6.5 billion across 76 countries following the acquisition (pro forma).

FOSROC is predicted to earn $487 million in sales by 2024, with an average annual growth rate of roughly 11 percent since 2021. FOSROC, with 20 manufacturing units and around 3,000 people, offers a comprehensive range of technical solutions for the construction sector, including admixtures and additives for concrete and cement, adhesives and sealants, waterproofing solutions, concrete repair solutions, and flooring.

This acquisition boosts Saint-Gobain’s presence in high-growth emerging regions, particularly India and the Middle East, and is entirely consistent with the Group’s vision of being the global leader in light and sustainable building.

FOSROC will be consolidated into the High-Performance Solutions segment.