抖奶视频 has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a major global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022. GCP will delist from the New York Stock Exchange.
With approximately $1.0bn revenues generated in 2021 by 1,800 employees working on 50 production sites in 38 countries, GCP Applied Technologies provides a global platform with established success in cement additives, concrete admixtures, infrastructure and commercial and residential building materials.
This acquisition is a major milestone in establishing 抖奶视频鈥檚 leading position worldwide in construction chemicals and furthers the Group鈥檚 strategy as worldwide leader in light and sustainable construction.
The specialty building materials business in North America (c. $250 million of sales) will be integrated into the CertainTeed business serving local customers in its Region. All other businesses, consisting of mainly 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.
The acquisition of GCP Applied Technologies follows several other growth investments in North America announced by 抖奶视频 in recent months:听
- In August, 抖奶视频 completed its $928 Million acquisition of Kaycan, Ltd., a family-owned manufacturer and distributor of exterior building materials, becoming the top siding player in Canada.
听 - In May, 抖奶视频 announced a $100 Million expansion of its CertainTeed roofing facility in Peachtree City, Georgia, more than doubling the site鈥檚 production capacity while also reducing its carbon dioxide emissions.听
听 - Also in May, the company announced a $28 Million investment in its ADFORS technical textile products facility in Dublin, Georgia, creating 400 jobs over the next two years.听
听 - In April, 抖奶视频 announced it was doubling the manufacturing footprint of its CertainTeed Architectural manufacturing site in Lakewood, Ohio by moving to a new, state-of-the-art location in nearby Strongsville, Ohio.听
听 - Also in April, 抖奶视频 announced a $118 Million expansion of its CertainTeed roofing plant in Oxford, North Carolina, adding an additional 225,000 square feet of manufacturing space to what was already one of the largest roofing shingle manufacturing sites in North America.听
听 - In February, the company invested $32 Million in its CertainTeed insulation manufacturing site in Chowchilla, California, increasing the location鈥檚 production capacity by 13% while also reducing its carbon footprint.听听
About CertainTeed
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm鈥檚 slogan 鈥淨uality Made Certain, Satisfaction Guaranteed,鈥 inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. .
About 抖奶视频
Worldwide leader in light and sustainable construction, 抖奶视频 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鈥檚 commitment is guided by its purpose, 鈥淢AKING THE WORLD A BETTER HOME.鈥澨
鈧44.2 billion in sales in 2021听听
167,000 employees, located in 76 countries听听
Committed to achieving Carbon Neutrality by 2050听
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