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

Saint-Gobain completed the formation of a joint venture with a subsidiary of Indocement Tunggal Prakarsa to acquire Indocement's mortars business in Indonesia. The new JV is 60% owned by Saint-Gobain.

- Type: Acquisition
- Announced: 2022-09-22
- Where: Indonesia, Indonesia
- Status: completed
- Products: mortars
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)
- [Indocement Tunggal Prakarsa](https://endata.com/companies/65455.md) (target)

## Sources

- [news.europawire.eu](https://news.europawire.eu/press-releases-tagged-with/cement-additives/), 2022-09-22: "Saint-Gobain has completed the formation of a joint venture with a subsidiary of Indocement Tunggal Prakarsa to acquire Indocement’s mortars business in Indonesia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.