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On February 2, 2024, Saint-Gobain announced the completion of its acquisition of International Cellulose Corporation (ICC). ICC, a US-based manufacturer of specialty insulation, employs approximately 50 employees and reported revenues of around $30 million in 2023.
| Date | 2 Feb 2024 |
| Time | 07:05:46 |
| Category | Acquisitions and alliances |
| ID | 8441B |
SAINT-GOBAIN REINFORCES ITS building envelope protection OFFER IN THE United states
Saint-Gobain has completed the acquisition of International Cellulose Corporation (ICC), a leading manufacturer of specialty insulation in the United States, including spray-on thermal, fireproofing and acoustic finish systems for the US non-residential market.
ICC employs approximately 50 employees at its manufacturing site in Houston, Texas, and generated revenues of around $30 million in 2023. ICC's insulation solutions are manufactured with natural, plant-based fibers (primarily cellulose) and high recycled content, containing high levels of sequestered carbon.
This acquisition allows Saint-Gobain to complement its offer for building envelope protection including the solutions brought by the acquisition of GCP such as MONOKOTE® (fireproofing), Ice & Water Shield® (waterproofing membranes for roofing), and Perm-A-Barrier® (vapor barriers for siding).
The acquisition of ICC is in line with Saint-Gobain's "Grow & Impact" strategy aiming to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.
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