MEXICO CITY – French multinational corporation Saint-Gobain has completed its acquisition of the OVNIVER Group, a key player in the construction chemicals market in Mexico and Central America, the company announced today. This move is part of Saint-Gobain’s strategy to broaden its global footprint in the construction chemicals sector.
The acquisition, which was initially announced on August 15, 2024, is expected to enhance Saint-Gobain’s position in the high-growth markets of Mexico and Central America. OVNIVER Group, known for its Cemix brand, has been reported to generate revenues of $285 million in 2024 and has seen an average annual growth rate of 20% over the past five years.
With approximately 1,000 employees and 16 manufacturing plants, OVNIVER Group provides a diverse array of products, including façade coatings, tile adhesives, waterproofing, and surface preparation mortars for both residential and non-residential construction markets.
This acquisition is a continuation of Saint-Gobain’s expansion in the construction chemicals industry, following its previous acquisitions of Chryso, GCP, and the ongoing acquisition of FOSROC. The combined sales of these companies are projected to reach €6.5 billion across 76 countries on a pro forma basis.
Saint-Gobain, a company with a purpose stated as “MAKING THE WORLD A BETTER HOME,” is a leader in light and sustainable construction. It designs, manufactures, and distributes materials and services for the construction and industrial markets, emphasizing sustainability and performance. In 2023, the company reported €47.9 billion in sales and has a workforce of 160,000 employees in 79 countries. Saint-Gobain is also committed to achieving net-zero carbon emissions by 2050.
The OVNIVER Group will be integrated into Saint-Gobain’s Americas Region, further solidifying the company’s presence in the Americas. This strategic acquisition is in line with Saint-Gobain’s growth objectives and its continuous innovation process in the construction sector.
The financial terms of the acquisition have not been disclosed. This information is based on a press release statement from Saint-Gobain.
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