Industry France’s Saint-Gobain buys Dubai’s Fosroc for $1bn By Pramod Kumar June 28, 2024, 3:22 AM Fosroc Fosroc is expected to generate $487 million in sales and achieve an Ebitda margin of 18.7 percent in 2024 French construction materials group Saint-Gobain has signed an agreement to purchase Fosroc, a Dubai-based construction chemicals company, for €960 million ($1.03 billion) to expand its international operations. The deal follows the company’s 35 acquisitions since 2021, resulting in combined sales of €6.2 billion across 73 countries after the latest move. The transaction is expected to close by the first half of 2025, the Paris-headquartered company said in a statement. NewsletterGet the Best of AGBI delivered straight to your inbox every week The acquisition will allow Saint-Gobain to expand in high-growth markets such as India and the Middle East, chairman and CEO Benoit Bazin said. Saint-Gobain anticipates achieving $54 million in synergies within three years of completing the deal. Fosroc is expected to generate $487 million in sales and achieve an Ebitda margin of 18.7 percent in 2024. The company has 20 manufacturing plants and around 3,000 employees.
