Saint-Gobain announces that it has reached a definitive agreement to acquire Fosroc, a leading unlisted global player in construction chemicals, for $1.025 billion (approximately €960 million) in cash.

With a strong presence in India, the Middle East and Asia-Pacific, Fosroc is expected to generate sales of $487 million and an estimated EBITDA margin of 18.7% in 2024, with 20 production plants and around 3,000 employees.000 employees.

The purchase price represents an acquisition multiple (before synergies) of approximately 11.3 times Fosroc's estimated 2024 EBITDA, and a multiple of approximately 7.1 times after taking into account full-year synergies of approximately $54 million in year three.

The acquisition will be fully financed from Saint-Gobain's available cash. The transaction is subject to the satisfaction of customary conditions and is expected to close in the first half of 2025.

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