{"id":822786,"date":"2022-09-26T07:05:29","date_gmt":"2022-09-26T05:05:29","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/saint-gobains-acquisition-of-gcp-applied-technologies-to-close-on-september-27-2022\/"},"modified":"2022-09-26T07:05:29","modified_gmt":"2022-09-26T05:05:29","slug":"saint-gobains-acquisition-of-gcp-applied-technologies-to-close-on-september-27-2022","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/saint-gobains-acquisition-of-gcp-applied-technologies-to-close-on-september-27-2022\/","title":{"rendered":"Saint-Gobain\u2019s Acquisition of GCP Applied Technologies to Close on September 27, 2022"},"content":{"rendered":"

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022. GCP will delist from the New York Stock Exchange.\n<\/p>\n

<\/a><\/p>\n

\nWith approximately $1.0bn revenues generated in 2021 by 1,800 employees working on 50 production sites in 38 countries, GCP Applied Technologies provides a global platform with established success in cement additives, concrete admixtures, infrastructure and commercial and residential building materials.\n<\/p>\n

\nThis acquisition is a major milestone in establishing Saint-Gobain\u2019s leading position worldwide in construction chemicals and furthers the Group\u2019s strategy as worldwide leader in light and sustainable construction.\n<\/p>\n

\nThe specialty building materials business in North America (c. $250 million of sales) will be integrated into the CertainTeed business serving local customers in its Region. All other businesses, consisting of mainly concrete admixtures and cement additives (c. $750 million of sales) will be combined with the Chryso business and be part of the High Performance Solutions segment.\n<\/p>\n

\nThe acquisition of GCP Applied Technologies follows several other growth investments in North America announced by Saint-Gobain in recent months:\n<\/p>\n

In August, Saint-Gobain completed its $928 Million acquisition of Kaycan, Ltd., a family-owned manufacturer and distributor of exterior building materials, becoming the top siding player in Canada.<\/p>\n

In May, Saint-Gobain announced a $100 Million expansion of its CertainTeed roofing facility in Peachtree City, Georgia, more than doubling the site\u2019s production capacity while also reducing its carbon dioxide emissions.<\/p>\n

Also in May, the company announced a $28 Million investment in its ADFORS technical textile products facility in Dublin, Georgia, creating 400 jobs over the next two years.<\/p>\n

In April, Saint-Gobain announced it was doubling the manufacturing footprint of its CertainTeed Architectural manufacturing site in Lakewood, Ohio by moving to a new, state-of-the-art location in nearby Strongsville, Ohio.<\/p>\n

Also in April, Saint-Gobain announced a $118 Million expansion of its CertainTeed roofing plant in Oxford, North Carolina, adding an additional 225,000 square feet of manufacturing space to what was already one of the largest roofing shingle manufacturing sites in North America.<\/p>\n

In February, the company invested $32 Million in its CertainTeed insulation manufacturing site in Chowchilla, California, increasing the location\u2019s production capacity by 13% while also reducing its carbon footprint.<\/p>\n

\nAbout CertainTeed\n<\/p>\n

\nThrough the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm\u2019s slogan \u201cQuality Made Certain, Satisfaction Guaranteed,\u201d inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com<\/a>.\n<\/p>\n

\nAbout Saint-Gobain\n<\/p>\n

\nWorldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group\u2019s commitment is guided by its purpose, \u201cMAKING THE WORLD A BETTER HOME.\u201d\n<\/p>\n

\n\u20ac44.2 billion in sales in 2021
\n
167,000 employees, located in 76 countries
\n
Committed to achieving Carbon Neutrality by 2050\n<\/p>\n

\nFor more details on Saint-Gobain, visit http:\/\/www.saint-gobain.com<\/a> and follow us on Twitter @saintgobain.\n<\/p>\n

Contacts <\/p>\n

\nMedia
David Rosen
\n
Saint-Gobain
\n
Corporate Communications
\n
Media@saint-gobain.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022. GCP will delist from the New York Stock Exchange. With approximately $1.0bn revenues generated in […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-822786","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nSaint-Gobain\u2019s Acquisition of GCP Applied Technologies to Close on September 27, 2022 - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/saint-gobains-acquisition-of-gcp-applied-technologies-to-close-on-september-27-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saint-Gobain\u2019s Acquisition of GCP Applied Technologies to Close on September 27, 2022 - BeBeez\" \/>\n<meta property=\"og:description\" content=\"MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. 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