CCD Partners’ Featured Deal of the Month
Saint-Gobain acquires OVNIVER Group
🔹 Summary: Saint-Gobain, a global leader in sustainable construction solutions, has acquired OVNIVER Group, a leading construction chemicals player in Mexico and Central America, for $815 million. This acquisition strengthens Saint-Gobain's footprint in the high-growth construction chemicals market across 76 countries, with combined sales expected to reach €6.5 billion (pro forma).
🔹 Rationale: The acquisition of OVNIVER Group, which has a strong presence in Mexico, Honduras, El Salvador, and Guatemala, allows Saint-Gobain to enhance its offerings in façade coatings, tile adhesives, waterproofing, and more. With 16 manufacturing plants and a strong industrial footprint, OVNIVER's robust product portfolio aligns with Saint-Gobain’s strategy to accelerate its global presence in construction chemicals.
🔹 Multiple: The acquisition, valued at approximately 13.1x OVNIVER Group’s 2024E EBITDA of $62 million, aligns with Saint-Gobain's strategy to achieve profitable growth through geographic expansion and market penetration. The inclusion of run-rate synergies brings the multiple to around 8.0x, supporting their long-term growth objectives. 📈
Read about the deal here: https://lnkd.in/dhqzhUMy
#DealoftheMonth #SaintGobain #OVNIVERGroup #ConstructionChemicals #SustainableSolutions
Operations Manager at Woodgrain Distribution, Inc.
1wThis is great news!