MEXICO CITY – The French multinational corporation Saint-Gobain has completed the acquisition of the OVNIVER group, a key player in the construction chemicals market in Mexico and Central America, the company announced today. The move is part of Saint-Gobain’s strategy to expand its global influence in the construction chemicals sector.
The acquisition, which was originally announced on August 15, 2024, is expected to enhance Saint-Gobain’s position in the high-growth markets of Mexico and Central America. The OVNIVER Group, known for its Cemix brand, is said to have generated revenues of USD 285 million in 2024 and has recorded an average annual growth rate of 20% over the past five years.
With approximately 1,000 employees and 16 manufacturing facilities, OVNIVER Group offers a diverse range of products, including facade coatings, tile adhesives, waterproofing and surface preparation mortars for the residential and non-residential construction markets.
This acquisition is a continuation of Saint-Gobain’s expansion in the construction chemicals industry, following the previous acquisitions of Chryso, GCP and the ongoing acquisition of FOSROC. It is predicted that the combined sales of these companies will reach 6.5 billion euros in 76 countries on a pro forma basis.
Saint-Gobain, a company whose purpose is stated as “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, with an emphasis on sustainability and efficiency. In 2023, the company reported 47.9 billion euros 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.
The OVNIVER Group will be integrated into Saint-Gobain’s American region, further strengthening the company’s presence in America. This strategic acquisition is in line with Saint-Gobain’s growth objectives and the continuous process of innovation in the construction sector.
The financial terms of the acquisition have not been disclosed. This information is based on a Saint-Gobain press release.
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