Saint-Gobain Agrees to Acquire Concrete-Reinforcement Specialist Adfil
September 26 2023 - 12:36PM
Dow Jones News
By Pierre Bertrand
Compagnie de Saint-Gobain said on Tuesday that it has entered
into a definitive agreement to acquire Adfil NV, a company
specializing in fibers for concrete reinforcement.
Adfil will be consolidated within the French building-materials
company's construction chemicals segment, Saint-Gobain said.
The transaction is expected closed by the end of 2023 and is
subject to antitrust approvals, the company said.
Adfil employs around 70 people and operates two plants in
Belgium. It generated revenues close to 40 million euros ($42.4
million) in 2022, Saint-Gobain said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
September 26, 2023 12:21 ET (16:21 GMT)
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