Saint-Gobain to Buy Construction Chemicals Firm DurazivSaint-Gobain to Buy Construction Chemicals Firm Duraziv
The acquisition of the European manufacturer will expand the company’s portfolio of interior and exterior finishing solutions.
May 19, 2021
Materials and chemicals supplier Saint-Gobain entered into a deal to purchase the Romanian group Duraziv, a producer of adhesives and value-added construction chemicals solutions, a company release announced Tuesday.
“The acquisiton will allow Saint-Gobain to expand its range of interior and exterior finishing solutions,” the company said. “At the same time, it will accelerate the group’s market penetration and help it drive an improvement in the energy efficiency of buildings in Romania thanks to high value-added external thermal insulation solutions (ETICS) based on locally produced stone wool and mortars.”
Saint-Gobain said its purchase of Duraziv fits in with its strategy of improving the sustainability and performance of its offerings and allows it to bolster its presence in the construction chemicals space.
The sale must clear anti-trust regulators before it closes. Saint-Gobain’s announcement comes on the heels of the firm’s recent acquisition of Russia-based Scientific and Production Company Adhesive LLC, which focuses on polyurethane and epoxy products.
About the Author
You May Also Like