Sources: GCP Applied Technologies, Alpharetta, Ga.; CP staff A new Chryso and GCP Applied Technologies application lab in Chicago focuses on aggregate, mortar or concrete testing, and serves as a dedicated technical center for Ductilcrete engineered slab systems. The facility is equipped and staffed to provide hands-on services so customers can see how their materials perform with Chryso or GCP…
Read MoreTag: Saint-Gobain
Saint-Gobain guides GCP businesses to Chryso, CertainTeed homes
Following approvals from North American and overseas regulators, Paris-based Saint-Gobain consummated a takeover of Georgia-based GCP Applied Technologies Inc. late last month. Distinct GCP profit centers will have separate destinations. Cement additive and concrete admixture assets will be combined with Chryso Inc., which Saint-Gobain acquired in mid-2021 and positioned in its High Performance Solutions segment. A specialty materials business specializing…
Read MoreSaint-Gobain to integrate GCP into Chryso, CertainTeed businesses
Sources: Saint-Gobain, Paris; CP staff Following approvals from North American and overseas regulators, Saint-Gobain has completed a takeover of Georgia-based GCP Applied Technologies Inc. Distinct GCP profit centers have separate destinations. Cement additive and concrete admixture assets will be combined with Chryso Inc., which Saint-Gobain acquired in mid-2021 and positioned in its High Performance Solutions segment. A specialty materials business…
Read MoreGCP to join Chryso, CertainTeed under Saint-Gobain umbrella
A definitive agreement announced late last year will see Paris-based Saint-Gobain acquire GCP Applied Technologies, Alpharetta, Ga., in a deal valued at about $2.3 billion. The business combination was unanimously approved by GCP directors and their counterparts at Saint-Gobain, which in spring 2021 closed on the French parent company of Chryso Inc. and counts among its North American operations the…
Read MorePremier plant proves CertainTeed’s veneer stone market ambition
Sources: Saint-Gobain, Malvern, Pa.; CP staff Saint-Gobain building products subsidiary CertainTeed LLC has commenced operations at its newest North American production site: An inaugural STONEfaçade plant in Quakertown, Pa. Anchored with metal fasteners, the precast concrete veneer system consists of 8-in. panels in 10-, 12- or 14-in. widths, painted by hand and shipped complete with 3/8-in. thick rainscreen insulation and…
Read MoreSika AG prevails in protracted shareholder challenge
Sources: Sika AG, Baar, Switzerland; CP staff
The Swiss parent of Sika Corp. has settled a three-and-half-year legal dispute with glass and building materials giant Saint-Gobain of France through transactions involving founding family members’ shares, plus proposed board measures altering governance and share classes.
Read MoreSika AG contests Saint-Gobain overture, maps North American market growth
More than a year after an initial overture and subsequent Swiss agency and European Commission legal proceedings, management of Baar, Switzerland-based Sika AG management remains adamantly opposed to a stock transfer to global glass and building materials giant Saint-Gobain. Sika Chairman Dr. Paul Hälg calls the transaction “unparalleled in the world” and reiterates board concerns rooted in the bid’s structure: Saint-Gobain seeks the stake of the largest shareholder “the Burkhart family” amounting to 16.1 percent of shares, but vested with 52.4 percent of voting rights. In a late-2015 letter to shareholders, he noted:
Read MoreSika Corp. parent pushes back hard on glass giant’s pursuit of a controlling stake
Sources: Sika AG, Baar, Switzerland; Saint-Gobain, Paris; CP staff
A year after an initial overture and subsequent Swiss agency and European Commission legal proceedings, Sika AG management remains steadfastly opposed to a stock transfer to global glass and building materials giant Saint-Gobain. Sika Chairman Dr. Paul Hälg calls the transaction “unparalleled in the world” and reiterates board concerns rooted in the bid’s structure: Saint-Gobain seeks the stake of the largest shareholder—the Burkhart family—amounting to 16.1 percent of shares, but vested with 52.4 percent of voting rights.
Read MorePLYCEM ADDS FIBER CEMENT SIDING IN SAINT-GOBAIN DEAL
Paris-based Saint-Gobain anticipates a firstquarter 2014 closing on the sale of its RoaringRiver, N.C.; Terre Haute, Ind.; and, WhiteCity, Ore., fiber cement siding facilities toAlpharetta, Ga.-based Plycem USA Inc., whichdistributes fiber cement trim sourced from aCosta Rica plant.
Read MoreThree-plant Saint-Gobain deal adds fiber cement siding to Plycem trim business
Sources: Saint-Gobain, Paris; CP staff
Saint-Gobain anticipates a first quarter 2014 closing on the sale of its Roaring River, N.C., Terre Haute, Ind., and White City, Ore., fiber cement siding facilities to Alpharetta, Ga.-based Plycem USA Inc., which distributes fiber cement trim sourced from a Costa Rica plant.
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