Report
Sven Edelfelt

Saint-Gobain : Acquisition in US plaster: old demons or a genuine opportunity?

>Acquisition in plasterboard in the US for € 1.3bn - The group announced the acquisition of Continental Building Products, formerly a Lafarge asset, in the plasterboard segment in the US. The deal will be carried out via a takeover for a value of € 1.3bn ($ 1.4bn) and be partly financed by the disposals carried out by the company (>€ 1bn for € 3.3bn in disposals). The group thereby doubles in size in plasterboard in the US, lifting its market share to ~22% versus 10% ...
Underlying
Compagnie de Saint-Gobain SA

Compagnie de Saint-Gobain manufactures, produces, and distributes industrial materials. Co.'s activities are divided into four sectors: Innovative Materials (Co. makes, processes and sells glass and glazing products for the building, the automotive and solar energy industries; Co. also manufactures Ceramics and Plastics, Abrasives, and Textiles), Construction Products (Co. offers products for the Insulation, Gypsum, Exterior Products, Pipe and Industrial Mortars), Building Distribution (Co. distributes building materials (plumbing, heating and sanitaryware products) and ceramic tiles), and Packaging - Verallia (Co. manufactures glass containers and jars for foodstuffs and beverages).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Sven Edelfelt

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