# Saint-Gobain acquires Drymix from Orascom Construction for EGP 785.3M

Saint-Gobain acquired 100% of United Paints and Chemicals (Drymix), a cement subsidiary of Orascom Construction, for EGP 785.3 million.

- Type: Acquisition
- Announced: 2023-06-26
- Where: 6th of October City, Egypt
- Value: $25.4M (785.3M EGP)
- Status: completed
- Products: cement, drymix
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)
- [Orascom Construction](https://endata.com/companies/8450.md) (target)
- [United Paints and Chemicals (Drymix)](https://endata.com/companies/71051.md) (target)
- [United Paints and Chemicals S.A.E.](https://endata.com/companies/71083.md) (target)
- [United Paints and Chemicals](https://endata.com/companies/71576.md) (target)

## Sources

- [enterpriseam.com](https://enterpriseam.com/egypt/2023/06/26/orascom-construction-offloads-cement-arm-to-french-manufacturer/), 2023-06-26: "Orascom Construction (OC) subsidiary United Holding Company has sold its 100%-owned cement subsidiary United Paints and Chemicals (Drymix) to French glass and building materials manufacturer Saint-Gobain in a transaction valued at EGP 785.3 mn"
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/compagnie-de-st-gobain-sa--cod/acquisition/7595798), 2023-06-26: "This acquisition accelerates its growth in the country by enhancing the range of solutions offered across glass, gypsum and construction chemicals."
- [africanlawbusiness.com](https://www.africanlawbusiness.com/news/19146-saint-gobain-gains-drymix/), 2023-07-24: "The acquisition will grow Saint-Gobain’s business by expanding its portfolio of construction chemicals, glass and gypsum products."

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