Continues today … Saint-Gobain-May 25, 2022 08:09

(AOF) – Saint-Gobain has signed an agreement to acquire Fibroplac and Falper’s company. The first company to set up a factory in Pombal (Central Portugal) “is highly regarded in the Portuguese market for its high quality production of plasterboard.” Falper – with a factory in Vila Nova de Gaia (Porto District, Portugal) – has developed advanced digital solutions for the design and manufacture of light steel structures. It has total sales of approximately 15 million euros and employs 75 people.

These two acquisitions will enhance and accelerate the strong growth of Saint-Gobain in Portugal and accelerate the double-digit growth of gypsum board systems by providing high-quality gypsum boards locally. The group can also develop integrated and sustainable solutions that combine light metal construction products, gypsum board, insulation and construction chemicals to meet the needs of the fast-growing prefabricated modular construction market. ..

These deals are in line with the Group’s “Growth and Impact” strategy, which was successfully implemented in Portugal to strengthen its leading position in sustainable construction. The final decision on these transactions shall be subject to the agreement of the competition authorities.


Key Point

-1665 Founded in 1665, the world leader in housing materials.

-Sales of € 44.2 billion, divided into five branches: Northern Europe 34%, Southern Europe and Africa (including France) 32%, Americas 13% and High Performance 15%.

-54% of activities target remodeling and infrastructure (52%), ahead of new housing (22%) or industry (10%), mobility (7%), and other industries.

-Business model based on the brand’s complete portfolio and solution-based approach: Increased productivity of construction professionals, end-user well-being, customized performance and innovation for industrial customers.

-Split capital (8.3% employees), Pierre Andre de Charender, 14 board chairs, and Benoit Bazin as general manager.

-A solid balance sheet with net liabilities of € 7.3 billion (35% of equity) and free cash flow of € 2.9 billion.


-Launched October 2021 “Grow & Impact” Strategic Plan: Offering an integrated and differentiated solution for decarbonization of growth / construction / industrial investment better than the market around € 1.5 billion.

-Three principles, expectations for standards, digital integration in production and customer travel, and innovation strategies with sustainable growth: Built by 20 platforms shared by industrial and construction customer businesses: smart materials, robotization , Weight reduction of materials, reduction of carbon footprint in manufacturing process … / Customer experience where 90% of sales are covered by PIM, “Digital pricing” to accelerate sales / In-house, “Digital journey” open program, Partnerships with start-ups led by Datala, NOVA… / External, Partnership Centers with Research, EAGLE, WOOL2LOOP or Optivind… Participation in projects, and co-development with customers.

-Environmental strategy integrated into product offerings, 72% of the portfolio contributes to reducing CO2 emissions, aiming for complete neutrality by 2050, 2030 target: industry in the range of 1 billion euros 2017 Research on circulating economy / solid oxygen fuel cells that reduces CO2 emissions by 33% and avoids R & D investment / raw material extraction compared to.

-After a € 2 billion acquisition and a number of dispositions in 2021, a group located in the high-growth sector, especially construction chemicals, emerged.

-The integration of Chryso and Rockwool India and the completion of the bid to acquire GPC Applied Technologies.


-Circular characteristics of activity, 4/5


Sales made in the construction sector.

-The effects of raw material and energy inflation were offset by the ability to accept higher selling prices (10.3% at 4).


2021 quarter);

-The total cost of repairing the Genfell Tower in London, where a local subsidiary provided covers and insulation foam, is unknown.

-After achieving record financial performance in 2021, in 2022, we aimed for sales growth beyond the market, industrial investment of 1.8 billion euros, and further growth of operating profit.

-2021 dividend 1.63 euros, stock repurchase 400 million euros.

Integration in construction chemistry

Construction chemistry makes it possible to decarbonize cement and concrete carbon dioxide emissions by dividing them into three or four. Therefore, Saint-Gobain chose to develop in this business. The global market for this business is estimated at 60-70 billion euros. In 2021, he led two major acquisitions in this area and competed with world leader Sika. After acquiring France’s Chryso (formerly Materis’s concrete and cement additive) for € 1 billion, the world leader in building materials bought an American listed on NASDAQ’s GCP Applied Technologies for € 2 billion. For Swiss Seeka, we acquired the MBCC Group with a corporate value of € 5.2 billion. The latter is much larger than GCP and has sales of € 2.7 billion, while the new acquisition of Saint-Gobain in the United States is € 1 billion.