Saint-Gobain closes acquisition of GCP Applied Technologies

Saint-Gobain

ALPHARETTA, Ga.  —  GCP Applied Technologies, a global provider of construction products, has announced that the agreement to be acquired by Saint-Gobain has closed.

Saint-Gobain has acquired all of the outstanding shares of GCP Applied Technologies for $32.00 per share, in cash, in a transaction valued at approximately $2.3 billion. GCP will delist from the New York Stock Exchange.

The business combination has been unanimously approved by the Boards of Directors of Saint-Gobain and GCP Applied Technologies respectively. GCP’s brands and experience will integrate with Saint-Gobain’s CertainTeed and Chryso businesses. GCP’s specialty building materials business in North America (c. $250 million of sales) will merge with the CertainTeed business, serving the marketplace in its region. All other GCP businesses, consisting mainly of 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.

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