Saint-Gobain to Acquire Hume Cemboard Industries, Cementing Position in Malaysian Construction Market

Saint-Gobain to Acquire Hume Cemboard Industries, Cementing Position in Malaysian Construction Market

(IN BRIEF) Saint-Gobain, a global building materials company, has announced its plans to acquire Hume Cemboard Industries (HCBI), a leading manufacturer of cement boards in Malaysia. HCBI’s lightweight cement boards are widely used in various construction applications and offer significant growth potential. This acquisition will complement Saint-Gobain’s existing product offerings in Malaysia and aligns with the company’s strategic plan for growth and sustainability in the construction sector. The transaction is expected to be completed in the third quarter of 2023, subject to customary closing conditions.

(PRESS RELEASE) COURBEVOIE, 15-Jun-2023 — /EuropaWire/ —  Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced the signing of a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a prominent manufacturer of cement boards for façades, partitions, and ceilings in Malaysia. HCBI, with its manufacturing facility and 280 employees in western Malaysia, generates approximately €20 million in revenues.

The lightweight cement board offered by HCBI is widely recognized as a benchmark solution for a diverse range of applications, presenting significant growth potential. This acquisition will be a valuable addition to Saint-Gobain’s existing product portfolio, particularly in the field of plasterboard in Malaysia. The company has already experienced great success in Vietnam by combining these board solutions, benefiting from shared customer bases, applications, and distribution channels. Notably, this acquisition follows closely after the acquisition of Best Crete, a provider of resin-based flooring solutions for construction chemicals in Malaysia.

The transaction is expected to be finalized in the third quarter of 2023, subject to customary closing conditions. This acquisition aligns with Saint-Gobain’s strategic plan, “Grow & Impact,” which aims to strengthen the company’s leadership position and accelerate growth by enhancing its range of solutions for lightweight and sustainable construction.

Saint-Gobain continues to expand its global presence and product offerings in line with its commitment to providing innovative and sustainable construction solutions.

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

Analyst/ Investor relations

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

Press relations

Patricia Marie: +33 1 88 54 26 83
Laure Bencheikh: +33 1 88 54 26 38
Flavio Bornancin-Tomasella: +33 1 88 54 27 96

SOURCE: Saint-Gobain