Saint-Gobain Successfully Concludes Acquisition of International Cellulose Corporation (ICC)

Saint-Gobain Successfully Concludes Acquisition of International Cellulose Corporation (ICC)

(IN BRIEF) Saint-Gobain, a global leader in sustainable construction materials, has successfully acquired International Cellulose Corporation (ICC), a prominent manufacturer of specialty insulation products in the United States. ICC specializes in producing spray-on thermal insulation, fireproofing solutions, and acoustic finish systems tailored for the US non-residential market. With approximately 50 employees at its Houston, Texas manufacturing facility, ICC achieved revenues of approximately $30 million in 2023. Notably, ICC’s insulation solutions are crafted from natural, plant-based fibers, primarily cellulose, and feature a high recycled content, contributing to the sequestration of carbon. This strategic acquisition further enhances Saint-Gobain’s building envelope protection offerings, complementing solutions acquired through GCP, including MONOKOTE® (fireproofing), Ice & Water Shield® (waterproofing membranes for roofing), and Perm-A-Barrier® (vapor barriers for siding). Aligning with Saint-Gobain’s “Grow & Impact” strategy, this acquisition reinforces the Group’s leadership and accelerates its growth by expanding its portfolio of sustainable construction solutions.

(PRESS RELEASE) COURBEVOIE, 2-Feb-2024 — /EuropaWire/ —  Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, announces that it has finalized the acquisition of International Cellulose Corporation (ICC), a prominent manufacturer specializing in specialty insulation products within the United States. ICC’s portfolio includes state-of-the-art spray-on thermal insulation, fireproofing solutions, and acoustic finish systems tailored for the US non-residential market. With its primary manufacturing site based in Houston, Texas, ICC boasts a dedicated workforce of approximately 50 employees and achieved impressive revenues of approximately $30 million in 2023. ICC’s insulation solutions stand out for being crafted with natural, plant-based fibers, primarily cellulose, and featuring a high recycled content, effectively contributing to the sequestration of carbon.

This strategic acquisition is poised to greatly enhance Saint-Gobain’s offerings in the realm of building envelope protection. It perfectly complements the solutions recently acquired through GCP, including noteworthy products such as MONOKOTE® (fireproofing), Ice & Water Shield® (waterproofing membranes for roofing), and Perm-A-Barrier® (vapor barriers for siding). This synergistic move aligns seamlessly with Saint-Gobain’s overarching “Grow & Impact” strategy, which seeks to fortify the Group’s leadership position and expedite its growth by enriching its array of solutions tailored for light 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

ANALYSTS, INVESTOR CONTACTS

Vivien Dardel (+33) 1 88 54 29 77
Floriana Michalowska (+33) 1 88 54 19 09
Alix Sicaud (+33) 1 88 54 38 70
James Weston(+33) 1 88 54 01 24

MEDIA CONTACTS

Patricia Marie (+33) 1 88 54 26 83
Laure Bencheikh (+33) 1 88 54 26 38

SOURCE: Saint-Gobain