Saint-Gobain announces the conclusion of an agreement for the acquisition of the Duraziv Group in Romania, specialized in the production of adhesives, mortars, plasters, decorative plasters, paints, and metal profiles.
Present on the construction materials market in Romania for 18 years, Duraziv has developed significantly in recent years, reaching a turnover of over 30 million Euro in 2020. The Group has approximately 200 employees.
Subject to the approval of the Romanian competition authorities, the closing of the transaction is expected to take place in the third quarter of this year.
“We are delighted that Duraziv will be part of the Saint-Gobain family. The range of innovative products, the diversity of solutions, the efficient team and the culture based on sustainability and innovation are aligned with the strategy of the Saint-Gobain Group. With this strategic acquisition, we expand our range of solutions and services offered to our customers: our knowledge and capacity f
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The maker of abrasives, ceramics and plastics delivered a solid 29.3 per cent profit growth in the Covid-hit FY21. It logged free cash flows for the 12th straight year, which analysts said has led to a strong balance sheet (with a net cash of Rs 640 crore) and consistent overall return on capital employed (RoCE) of 16 per cent for FY21.
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