Saint-Gobain strengthens its construction chemicals organization in Germany

Saint-Gobain is reorganizing its construction chemicals footprint in Germany in order to accelerate growth and synergies:

·    Transfer of Saint-Gobain Weber GmbH dry mortars to the long-existing joint venture "Franken Maxit Mauermörtel GmbH & Co. KG" (Franken Maxit, 50% owned by Saint-Gobain) to establish a national leadership position;

·    Integration of all other construction chemicals businesses in Germany, Weber, GCP and Chryso brands, to further develop technical applications and specialty products.

With the transfer of the Weber dry mortars business which generated revenues of around €170 million in 2024, Franken Maxit, which has previously been mainly present in southern and eastern Germany, will become one of the largest dry mortar manufacturers in Germany. After the transaction, the joint venture, which will be consolidated using the equity-accounting method, will have 17 locations in Germany and the Czech Republic with a total of over 1,200 employees, of which approximately 400 coming from Saint-Gobain Weber.

In the context of the upcoming stimulus plan in Germany, Saint-Gobain is focusing its construction chemicals offering on technical applications and specialty products for building protection systems, flooring solutions and infrastructure. Additionally, the Group will leverage synergies across all businesses in a local, unified organization, fully focused on growth with a differentiated and innovative offer.

This reorganization will allow Saint-Gobain teams in Germany to best serve customer demand.

Closing of the transaction is expected by end-September 2025.

This reorganization is in line with Saint-Gobain's strategic plan, "Grow & Impact" which aims to both strengthen the Group's worldwide leadership and accelerate its growth by enriching its range of solutions 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, celebrating its 360^th anniversary in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A BETTER HOME".

€46.6 billion in sales in 2024

More than 161,000 employees, locations in 80 countries

Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain