OVNIVER
Assembly Line
Saint-Gobain Acquires OVNIVER Group to Expand in Mexico
Saint-Gobain announces a definitive agreement to acquire OVNIVER Group, a leading privately-owned construction chemicals company, for US$815 million in cash. This move is set to solidify Saint-Gobain’s global presence in the construction chemicals market. Once finalized, these acquisitions will generate combined sales of €6.5 billion (US$7.24 billion) across 76 countries.
“The acquisition of OVNIVER Group perfectly aligns with our “Grow & Impact” strategic plan. It is an excellent opportunity for Saint-Gobain to further reinforce its presence in construction chemicals and to strengthen its presence in high-growth markets… The combination of the two groups will boost the rapid expansion of our profitable growth platform in construction chemicals,” says Benoit Bazin, Chairman and CEO, Saint-Gobain.