SAINT-GOBAIN ENTERS INTO AN AGREEMENT TO ACQUIRE CHRYSO, A LEADING GLOBAL PLAYER IN CONSTRUCTION CHEMICALS
Similar culture and shared values: excellent cultural fit that bodes well for successful integration. Chryso will be integrated into Saint-Gobain’s High Performance Solutions that will nurture its strong focus on innovation and co-development with large global customers. CEO Thierry Bernard and his team will conduct the group development in specialty additives for building materials. They will share their outstanding experience and know-how in this space to accelerate value creation for Saint-Gobain’s shareholders and customers.
Thierry Bernard, Chief Executive Officer of Chryso, commented:
“We are very enthusiastic to join Saint-Gobain and to build the next chapter of Chryso’s growth story together. This represents a great recognition for all the accomplishments of Chryso’s team over the past years. Saint-Gobain is the ideal strategic partner with a worldwide 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 Chief Executive Officer of Saint-Gobain, and Benoit Bazin, Chief Operating Officer, commented:
“The acquisition of Chryso is a unique growth platform opportunity for Saint-Gobain to further develop our already strong presence in the growing construction chemicals market. It is fully in line with our ESG* strategy of providing a sustainable and performance driven value proposition to our customers. We are impressed with Chryso’s profitable growth track-record over the past years and we are very much looking forward to welcoming Thierry Bernard and his team within our Group. We are confident that together we can accelerate growth and leverage our combined know-how and international capabilities to offer innovative solutions for our customers and drive sustainable and profitable growth to create value for our shareholders.”
Following completion of the information and consultation procedure with the employees’ representative bodies, and subject to the approval of the relevant competition authorities, this acquisition is expected to be finalized in the second half 2021.
View the full press release for more details:
https://www.chryso.com/saint-gobain-enters-into-an-agreement-to-acquire-chryso/
