PARIS, July 25, 2017 /PRNewswire/ --
Saint-Gobain has signed a share purchase agreement to acquire 100% of the equity capital of TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket.
TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. Its offer is based on a detailed knowledge of the market and customers to adjust its product formulations to local specificities.
TekBond will join the High-Performance Materials Activity. This acquisition will enable Saint-Gobain in Brazil to create important synergies with the abrasives, mortars and flat glass business lines on the construction and industrial markets.
The deal is subject to the approval of the Brazilian antitrust authorities.
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
€39.1 billion in sales in 2016
Operates in 67 countries
More than 170,000 employees