Saint-Gobain closes three strategic deals in Europe

Saint-Gobain has recently completed three strategic transactions in Europe, showcasing the Group’s commitment to optimizing and diversifying its portfolio of companies.

Saint-Gobain has completed the acquisition of Kilwaughter, a leading player in construction chemicals (façade mortars) in the UK and Ireland. It operates well-established and recognized brands including K Rend and K Systems. It generated revenues of around £50 million in 2024 (fiscal year ending April) and will be consolidated into the Northern Europe Region.

İzocam, a leading insulation manufacturer in Turkey co-owned by Saint-Gobain and Alghanim Industries (Kutayba Alghanim Group), has completed the acquisition of 100% of His Yalıtım, a local producer of stone wool. The company operates in Kayseri (Central Anatolia) and employs about 170 people.

Saint-Gobain has finalized on November 29 its divestment of PAM Building, its pipes subsidiary dedicated to the manufacturing of sanitary and rainwater drainage solutions for buildings, to Aldebaran (a French institutional investment fund) with a minority stake from Bpifrance (the French Public Investment Bank). PAM Building has two production plants, in Bayard (Haute-Marne, France) and in Telford (United Kingdom), employs 400 people and generated revenues of around €110 million in 2023.