Saint-Gobain to Buy Romanian Construction Chemicals Producer Duraziv

Saint-Gobain said has signed an agreement for the acquisition of Romanian group Duraziv, specialised in the production of adhesives and other construction chemicals solutions. The acquisition will allow Saint-Gobain to expand

BY Realty Plus
Published - Tuesday, 18 May, 2021

Saint-Gobain to Buy Romanian Construction Chemicals Producer Duraziv

Saint-Gobain said has signed an agreement for the acquisition of Romanian group Duraziv, specialised in the production of adhesives and other construction chemicals solutions. The acquisition will allow Saint-Gobain to expand its range of interior and exterior finishing solutions, the French company said. At the same time, the deal will accelerate the company's market penetration and help it drive improvement in the energy efficiency of buildings in Romania thanks to high value-added external thermal insulation solutions based on locally produced stone wool and mortars, it added. The signing of the agreement for Duraziv follows the recent acquisition of Scientific and Production Company Adhesive LLC in Russia. "These acquisitions, which represent around 40 million euro [$48.3 million] in sales, are subject to the approval of the competent competition authorities," Saint-Gobain said. Established in 2003 as Bau Profil, Duraziv operates three production facilities in Popesti Leordeni, in southern Romania. Saint-Gobain Group operates in 70 countries and has over 167,000 employees.