September 29, 2022 at 12:00 p.m.
GCP Applied Technologies, a leading global provider of construction products, announced today that the agreement to be acquired by Saint-Gobain has closed.
Saint-Gobain has acquired all of the outstanding shares of GCP Applied Technologies for $32.00 per share, in cash, in a transaction valued at approximately $2.3 billion. GCP will delist from the New York Stock Exchange.
The business combination has been unanimously approved by the Boards of Directors of Saint-Gobain and GCP Applied Technologies respectively. GCP’s well-respected brands and decades of experience will integrate with Saint-Gobain’s CertainTeed and Chryso businesses. GCP’s specialty building materials business in North America (c. $250 million of sales) will merge with the CertainTeed business, serving the marketplace in its region. All other GCP businesses, consisting mainly of concrete admixtures and cement additives (c. $750 million of sales) will be combined with the Chryso business and be part of the High Performance Solutions segment.
About GCP Applied Technologies
GCP Applied Technologies is a leading global provider of construction products that include high-performance specialty construction chemicals and building materials. GCP partners with producers, contractors, designers and engineers to achieve performance and sustainability goals. The company has a legacy of first to market and award-winning solutions that have been used to build some of the world’s most renowned structures. GCP is focused on continuous improvement for its customers, end-users and the environment. For more information, visit GCP’s website at www.gcpat.com.
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”. For more information about Saint-Gobain, visit www.saint-gobain.com.