Saint-Gobain strengthens its presence in construction chemicals in Latin America
Published by Evie Gardner,
Editorial Assistant
World Cement,
Saint-Gobain has entered into an agreement to acquire a majority stake in IMPTEK Chova del Ecuador, a leading player in the construction chemicals market in Ecuador providing differentiated and innovative waterproofing solutions. This will be Saint-Gobain's first manufacturing presence in the country.
With expected revenues of around €30 million in 2023, operating one plant in the region of Quito and employing about 120 people, IMPTEK is a leader in the Ecuadorian construction market, offering a wide range of waterproofing solutions, sold locally but also exported to several Latin and Central American countries. With this acquisition, Saint-Gobain will benefit from IMPTEK's leading position to promote its comprehensive range of light and sustainable construction solutions into Ecuador.
The completion of the transaction is subject to approval by competition authorities and expected in the first half of 2024.
The acquisition of IMPTEK in Ecuador is in line with Saint-Gobain's strategic plan 'Grow & Impact', which aims to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.
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Read the article online at: https://www.worldcement.com/the-americas/21122023/saint-gobain-strengthens-its-presence-in-construction-chemicals-in-latin-america/
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