Saint-Gobain has obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced Dec. 6, 2021. The acquisition closed Sept. 27, 2022. GCP will delist from the New York Stock Exchange.
With approximately $1 billion in 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.
This acquisition is a major milestone in establishing Saint-Gobain’s worldwide position in construction chemicals. The 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.
