Construction Materials Giant Saint-Gobain to Boost Presence in Ecuador with IMPTEK Acquisition

Construction Materials Giant Saint-Gobain to Boost Presence in Ecuador with IMPTEK Acquisition

(IN BRIEF) Saint-Gobain, a global leader in construction materials, has announced its intent to acquire a majority stake in IMPTEK Chova del Ecuador, a prominent player in the construction chemicals market in Ecuador known for its innovative waterproofing solutions. This acquisition represents Saint-Gobain’s entry into the Ecuadorian manufacturing market and is aligned with its strategic plan “Grow & Impact.” IMPTEK is expected to generate revenues of approximately €30 million in 2023 and currently operates a manufacturing plant in the Quito region with around 120 employees. The transaction is subject to competition authority approval and is expected to be completed in the first half of 2024. Saint-Gobain aims to leverage IMPTEK’s strong market presence to promote its comprehensive range of lightweight and sustainable construction solutions in Ecuador and beyond.

(PRESS RELEASE) COURBEVOIE, 15-Dec-2023 — /EuropaWire/ —  Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced an agreement to acquire a majority stake in IMPTEK Chova del Ecuador, a prominent player in the construction chemicals market in Ecuador, known for its innovative waterproofing solutions. This strategic move marks Saint-Gobain’s inaugural manufacturing presence in Ecuador, expanding its global footprint.

IMPTek is anticipated to generate revenues of approximately €30 million in 2023. The company operates a manufacturing facility in the Quito region and employs approximately 120 individuals. IMPTEK holds a dominant position in the Ecuadorian construction market, offering a diverse range of waterproofing solutions, serving both local and international markets, including several Latin and Central American countries. With this acquisition, Saint-Gobain aims to leverage IMPTEK’s leading position to promote its comprehensive portfolio of lightweight and sustainable construction solutions within Ecuador.

The completion of this transaction is subject to approval by competition authorities and is expected to be finalized in the first half of 2024.

This acquisition aligns with Saint-Gobain’s strategic plan “Grow & Impact,” which seeks to reinforce the Group’s leadership and accelerate growth by enriching its array of solutions for lightweight and sustainable construction.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€51.2 billion in sales in 2022
168,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com

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SOURCE: Saint-Gobain