# Saint-Gobain agrees to buy FOSROC for around €960 million

Saint-Gobain has entered into an agreement to acquire Dubai-based construction chemicals company FOSROC for approximately €960 million ($1.03 billion). The transaction is expected to close by the first half of 2025.

- Type: Acquisition
- Announced: 2024-06-27
- Where: Dubai, United Arab Emirates
- Value: $1.03B (960.0M EUR)
- Status: announced
- Products: construction chemicals
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)
- [FOSROC](https://endata.com/companies/78284.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/saint-gobain-agrees-buy-fosroc-around-1-billion-2024-06-27/), 2024-06-27: "Saint-Gobain has entered into an agreement to buy Dubai-based construction chemicals company FOSROC for around 960 million euros ($1.03 billion) to drive its international expansion."
- [constructionbriefing.com](https://www.constructionbriefing.com/news/saint-gobain-acquires-major-construction-chemicals-player-for-1-billion/8037942.article), 2024-06-27: "Saint-Gobain has reached a deal to buy construction chemicals player FOSROC for just over US$1 billion."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/101121-saint-gobain-announces-agreement-to-buy-dubai-based-fosroc), 2024-07-02: "The acquisition of FOSROC is perfectly aligned with our 'Grow & Impact' strategic plan: it is a unique opportunity for Saint-Gobain to further reinforce its worldwide presence in construction chemicals."
- [agbi.com](https://www.agbi.com/analysis/construction/2024/07/french-construction-major-saint-gobain-growth-middle-east-fosroc/), 2024-07-10: "Fosroc is complementing two things, a geographical positioning which is super-attractive to the group, in the Middle East, India and Asia-Pacific, as well as our product offering."

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