Acquisition

Saint-Gobain strenghtens its presence in Construction Chemicals

4 January 23

Saint-Gobain strenghtens its presence in Construction Chemicals, with the acquisitions of MATCHEM in Brazil and IDP Chemicals in Egypt

 

Saint-Gobain, through its Chryso business, has completed the acquisition of Matchem in Brazil and entered into exclusive negotiations to acquire IDP Chemicals in Egypt.

 

The acquisitions of Matchem and IDP Chemicals will allow Saint-Gobain to strengthen its position in construction chemicals, in particular concrete admixtures which play a key role in the decarbonization of the construction industry. These two companies are focused on the buoyant building and infrastructure markets in Brazil and Egypt, which should see strong growth for the years to come.

Matchem, established in 2011, employs around 50 people across two plants in Brazil and generated revenues of close to €20 million in 2022. Together with Quartzolit, leader in mortars (tile fixings, wall and floor coatings, waterproofing membranes), TekBond, sealant and adhesive specialist, and the recently acquired GCP Applied Technologies, Matchem will reinforce Saint-Gobain’s platform in construction chemicals, a leader on the Brazilian market with 24 industrial sites.

IDP Chemicals, since 2018, employs 25 people at one plant and is well positioned to serve the dynamic construction market in Egypt. This acquisition should be finalized in the first quarter of 2023.

Chryso benefits from Saint-Gobain’s strong presence in Brazil and Egypt to accelerate its inorganic growth strategy. Matchem and IDP Chemicals will be consolidated within the Construction Chemicals segment in High Performance Solutions.

The acquisitions of Matchem and IDP Chemicals are in line with Saint-Gobain’s “Grow & Impact” strategy aiming to both strengthen the Group’s leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.


PRESS RELATIONS : Daphnée DECAUDIN
Mob : +33 (0)6 19 07 64 74 | Email : [email protected]

Other news

best wishes 2023
29/12/22

Best wishes for 2023

These past 2 years were full of challenges with Chryso integrating Saint-Gobain in 2021 and the acquisition of GCP Applied Technologies this year. We are pleased to conclude 2022 with Chryso and GCP becoming one to meet your challenges, in over 45 countries. Together, we aim to become world leader in construction chemicals and support…
Best wishes for 2023
cement plant
Innovation
10/11/22

Master chromium and your team protection with CHRYSO®Reductis 6Ø

CHRYSO enlarges its product range reducing the Chromium VI in cement CHRYSO participated in the virtual 2022 WCT conference on “Innovation in cement production”. The company’s virtual presentation “Innovative Chromium VI reducer solution” was largely webcasted.   The speaker, Mrs. Estelle RAYNAUD, Cement BU Technical Director at CHRYSO, held a presentation on Innovative Chromium VI…
Master chromium and your team protection with CHRYSO®Reductis 6Ø
precast concrete panels
New Product
08/11/22

CHRYSO®Dem Aqua 800: new vegetable oil emulsion for delayed mould release applications 

CHRYSO presents CHRYSO®Dem Aqua 800, its new unlabelled vegetable oil emulsion mould release agent that meets the four primary performance criteria for mould release oils: surface finish quality, mould protection, HSE profile and optimised consumption.

CHRYSO®Dem Aqua 800: new vegetable oil emulsion for delayed mould release applications