Saint-Gobain Expands Construction Chemicals Business in Latin America

Business Strategy Saint-Gobain Expands Construction Chemicals Business in Latin America

2024-02-05 Source: Press release Saint-Gobain 1 min Reading Time

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Saint-Gobain has acquired a majority stake in Imptek Chova del Ecuador, a leading player in the construction chemicals market in Ecuador. With this, the company aims to expand its business and also strengthen its presence in Latin America.

The completion of the transaction is subject to approval by competition authorities and expected in the first half of 2024.(Source: Pixabay) — The completion of the transaction is subject to approval by competition authorities and expected in the first half of 2024.
(Source: Pixabay)

Courbevoie/France – 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 euros 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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