PARIS - Saint-Gobain, the global leader in sustainable construction, has completed its acquisition of Kilwaughter, a key player in the construction chemicals market, particularly known for its façade mortars in the UK and Ireland. This strategic move is set to bolster Saint-Gobain's presence and portfolio in the region, aligning with its "Grow & Impact" strategy for expansion and sustainability.
Kilwaughter, recognized for its brands K Rend and K Systems, reported revenues of approximately £50 million for the fiscal year ending in April 2024. The company will now be integrated into Saint-Gobain's Northern Europe Region operations. The financial terms of the acquisition were not disclosed.
The acquisition is anticipated to enhance Saint-Gobain's solutions in light and sustainable construction, a sector where the company has already established a significant footprint. Saint-Gobain's continuous innovation process is expected to be complemented by Kilwaughter's expertise, thereby expanding the range of construction solutions available to customers in the UK and Ireland.
Saint-Gobain has committed to leading the industry in light and sustainable construction, aiming to achieve net-zero carbon emissions by 2050. With 160,000 employees across 76 countries, the company generated sales of €47.9 billion in 2023. Saint-Gobain's approach to creating integrated solutions for both public and private building renovations, as well as the decarbonization of the construction and industrial sectors, is central to its mission of "MAKING THE WORLD A BETTER HOME".
This acquisition marks another step in Saint-Gobain's growth strategy, as it continues to enrich its offerings and reinforce its market leadership. The transaction's completion is based on a press release statement and further details can be obtained from the company's official channels.
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