PARIS - French multinational corporation Saint-Gobain has expanded its footprint in the Turkish market with the complete acquisition of His Yalıtım, a local manufacturer specializing in stone wool insulation. The deal, which was finalized earlier today, is poised to enhance Saint-Gobain's leadership in the Turkish light and sustainable construction sector.
His Yalıtım, which operates out of Kayseri in Central Anatolia and employs approximately 170 people, will join İzocam, a leading insulation manufacturer in Turkey. İzocam, partly owned by Saint-Gobain, now operates five plants in the country, further solidifying its market position.
Saint-Gobain's presence in Turkey dates back to 1998, and with this acquisition, the company now runs 22 plants and employs a workforce of around 2,000 individuals. The move is aligned with the company's "Grow & Impact" strategy, which focuses on strengthening the Group's leadership and accelerating growth by enriching its portfolio of light and sustainable construction solutions.
The acquisition comes on the heels of Saint-Gobain's inauguration of its 11th Weber or Chryso plant in Turkey last week, emphasizing its commitment to the construction chemicals sector. Saint-Gobain's strategy underscores its dedication to sustainability, with the company aiming for net zero carbon emissions by 2050.
Saint-Gobain, recognized as a world leader in light and sustainable construction, designs, manufactures, and distributes materials and services for the construction and industrial markets. The company's innovative approach to public and private building renovation, light construction, and the decarbonization of construction and industry, is geared towards sustainability and performance.
In 2023, Saint-Gobain reported €47.9 billion in sales, with a global presence spanning 76 countries and a workforce of 160,000 employees. The acquisition of His Yalıtım represents a strategic step in the company's expansion and reinforces its commitment to making the world a better home.
This news article is based on a press release statement.
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