MEXICO CITY – The French multinational corporation Saint-Gobain has completed its acquisition of the OVNIVER Group, a key player in the construction chemicals market in Mexico and Central America, the company announced today. This move is part of Saint-Gobain’s strategy to expand its global footprint in the construction chemicals sector.

The acquisition, which was first announced on August 15, 2024, is expected to improve Saint-Gobain’s position in the high-growth markets of Mexico and Central America. OVNIVER Group, known for its Cemix brand, is reported to have generated revenues of $285 million by 2024 and has seen an average annual growth rate of 20% over the past five years.

With approximately 1,000 employees and 16 manufacturing plants, the OVNIVER Group provides a diverse range of products, including façade coatings, tile adhesives, waterproofing, and surface preparation mortar for residential and non-residential construction markets.

This acquisition is a continuation of Saint-Gobain’s expansion in the construction chemicals industry, following the earlier acquisition of Chryso, GCP, and the ongoing acquisition of FOSROC. The combined sales of these companies are expected to reach €6.5 billion in 76 countries on a pro forma basis.

Saint-Gobain, a company with a mission statement of “MAKING THE WORLD A BETTER HOME,” is a leader in light and sustainable construction. It designs, manufactures, and distributes materials and services for the construction and industrial markets, emphasizing sustainability and performance. In 2023, the company reports €47.9 billion in sales and has a workforce of 160,000 employees in 79 countries. Saint-Gobain is also committed to achieving net-zero carbon emissions by 2050.

OVNIVER Group will be integrated into Saint-Gobain’s Americas Region, further strengthening the company’s presence in the Americas. This strategic acquisition is in line with Saint-Gobain’s growth objectives and the continuous process of transformation in the construction sector.

Financial terms of the acquisition were not disclosed. This information is based on a press release statement from Saint-Gobain.

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