Saint-Gobain reaches a binding agreement to acquire Kilwaughter, a leading façade mortars player in the UK and Ireland
Saint-Gobain has reached a binding agreement to acquire Kilwaughter, a leading player dedicated to façade mortars in the UK and Ireland. It operates well-established and recognized brands including K Rend and K Systems.
This transaction will further strengthen Saint-Gobain’s offering in the UK and Ireland in light and sustainable construction.
Kilwaughter operates one manufacturing facility near Larne in Northern Ireland and employs about 200 people with a strong focus on technical expertise and system specification. It generated revenues of around £50 million in 2024 (fiscal year ending April) and will be consolidated into the Northern Europe Region.
Closing of the transaction is expected in the first half 2025 and is subject to the satisfaction of customary closing conditions.
This acquisition 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.
From the UK & Ireland Saint-Gobain CEO:
Mike Chaldecott, CEO Saint-Gobain UK & Ireland:
“The acquisition of Kilwaughter, which is now subject to competition clearance, is a great fit for Saint-Gobain. Kilwaughter will provide us with an even greater range and capacity to provide our customers with lightweight construction solutions for lightweight building facades and envelopes that make buildings better for occupants and the planet. Kilwaughter has a wide range of systems and a strong reputation for quality and great brands in K Rend and K Systems. They also share many of the same priorities of Saint-Gobain: a focus on technical expertise and quality; innovation; supporting customers with training and specification support; a deep commitment to sustainability and; as an employer, providing great careers where personal development and well-being are prioritised.”
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.
€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries
Committed to achieving Carbon Neutrality by 2050
Read the original press release here: https://www.saint-gobain.co.uk/news/kilwaughter-acquisition
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