Saint-Gobain forms JV to acquire Indocement's mortars business in Indonesia

Saint-Gobain formed a joint venture with a subsidiary of Indocement Tunggal Prakarsa to acquire Indocement's mortars business in Indonesia. The JV is 60% held by Saint-Gobain and 40% by Indocement. The business has three production lines under the Tiga Roda brand with estimated sales of close to €20 million in 2025.

“This acquisition is part of Saint-Gobain's strategy to further strengthen its business profile, in line with its 'Lead & Grow' plan.”stockopedia.com

• 1 source
• stockopedia.comCOMPAGNIE DE SAINT GOBAIN SA | Compagnie St-Gobain - AcquisitionMay 1, 2026

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