CHRYSO’s Post

New page for Fosroc

👏 Celebrate to the company that I currently worked 🤑 🤑 🤑 Saint-Gobain announces that it has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million) in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain’s worldwide presence in construction chemicals, which will have combined sales of €6.2 billion across 73 countries following the acquisition (pro forma). FOSROC is a global construction chemicals player with a strong geographic footprint in India, the Middle East and Asia-Pacific in particular. The company is expected to generate $487 million of sales and to achieve an EBITDA margin of 18.7% in 2024E. With 20 manufacturing plants and around 3,000 employees, FOSROC provides a wide range of technical solutions for the construction industry, including admixtures and additives for concrete and cement, adhesives and sealants, waterproofing solutions, concrete repair solutions and flooring. The purchase price represents an acquisition multiple (before synergies) of approximately 11.3x FOSROC’s 2024E EBITDA of $91 million, and a multiple of approximately 7.1x when including run-rate synergies of approximately $54 million in year 3. This acquisition will be fully financed in cash. The Group will maintain a strong balance sheet with net debt / EBITDA remaining at the low end of the target range (1.5x to 2.0x) including the recently announced Bailey and CSR Limited acquisitions. Closing of the transaction is subject to customary conditions and is expected in first-half 2025.

PIONEERING ROC-K DUO 🧑🏻💼👷🪨🤝🏻: SigmaRoc plc, the Northern European-quoted lime and limestone group, is thrilled to announce a pioneering 10-year strategic alliance with Duo Group. This alliance, a first of its kind in the UK, is set to revolutionise the production and sale of sustainable limestone aggregates. The agreement has the potential to generate over £150 million in incremental revenue while significantly reducing SigmaRoc's environmental impact through the innovative repurposing of limestone quarry waste. As part of this groundbreaking agreement, Duo Group will play a pivotal role in establishing state-of-the-art processing plants at up to seven SigmaRoc limestone quarries. Their expertise and commitment will be instrumental in reprocessing historically uneconomical quarry tip waste into a premium construction material, thereby advancing SigmaRoc's ambition of utilising 100% of the resources it quarries. Martin McWilliams, Group Managing Director of Duo Group, commented: "We are delighted to enter into this agreement with SigmaRoc. SigmaRoc has become a major player in recent years in the UK and Northern Europe. They have a clear roadmap on their growth journey and their ambition to reach 100% utilisation of all production materials. We are excited to be part of this journey. Charles Trigg, Chief Technical Officer at SigmaRoc, commented: "This is exciting news for the Group, proving both our ability to drive increased value as well as bringing us closer to achieving our goal of 100% utilisation of all production materials." For the full story🗞, click here➡️🖱️: https://lnkd.in/e4vQugPx Max Vermorken Malte König Michael Roddy Ian St. Hilaire Emmanuel Maes Elisa Frenay Padraig McDermott James Nash Peter Hart #partnership #strategicalliance #buildingmaterials

SigmaRoc plc acquires CRH’s lime platform and reshapes the European lime and limestone landscape The Company has agreed to acquire CRH’s European lime platform, positioning SigmaRoc as Northern Europe’s largest provider of this critical industrial and construction material. This strategic move establishes SigmaRoc as a top supplier in innovative and sustainable lime and limestone products. ➡Unique opportunity to combine two complementary footprints ➡Creates a sector leader in lime and limestone in Northern Europe ➡Essential to construction, steel, chemical, food and agriculture, and environment end-markets ➡Strategic OEM partner ➡Drives shareholder value and offers potential EBITDA synergies of c. €30-60m The Group’s CEO, Max Vermorken has commented: “The business we are acquiring represents a uniquely complementary proposition for SigmaRoc as it builds the combined group into a clear market leader. From this transformative project also emerges a partnership with CRH across several sites in the UK, Ireland, Finland and Poland, along with entry to Germany, Europe’s largest market. The possibilities that lie ahead will undoubtedly shape the future of our industries for years to come.” https://lnkd.in/esGYU5Dc #SRC

If you want to go far, go together 🤝 We’re partnering with key organisations in the #cement and #construction industry including Groupe CB, Point.P Matériaux de construction - SGDB France and Cemex France to trial and develop ACT #technology and ensure a continuous supply of materials.    To accelerate ACT’s delivery, we’re also:  ◾ Scaling up activity at our established production facilities in the #Netherlands, #Ireland, and #France  ◾Building a new mill to grind limestone at our Dunkirk plant, in partnership with CBGreen ◾In the later stages of permitting in the #US, for the construction of a plant on the West Coast    https://lnkd.in/dgkkvrtE #LowCarbon #FutureOfCement #Decarbonisation #Partnership #SustainableConstruction

After Produktif + Omtre + TalTech – Tallinn University of Technology recent EU-Horizon win, forming the “Nordic Team” as part of the Drastic recycling and reuse project, we see large market potential for Norwegian element producers (like Splitkon AS?) to form part of a consortium strategy directed towards the export of Norway products and services in the construction sector. This sector needs to reorganize its supply chain and package products as a service (PaaS) and software as a service (SaaS). Wirh AI, automation and platform-based solutions Produktif can help you productize. How are we going to build tomorrow? — better together.

Safer and more productive are key operational imperatives and at Jansen we mean to deliver this with our new mining technologies.

A big week in Canada partnering with the local team to bring the digital strategy to life for this epic build at Jansen. Our opportunity to truly enable safety, production and sustainability *by design* and our ambition to embed solutions at a time when technology is arguably at the biggest inflection point since the Industrial Revolution - that’s something. Getting to grips with specifics of value, what, when and foundations for the future gives us the path to making this a reality. Ideas only count when you bridge them to execution. A site visit rounded the week out, with the opportunity for field leadership on business critical infrastructure in the tech landscape. Designing controls with both now and our operating state in mind with a group of HSS, Tech and Engineering helped me see a bigger picture and we will be better for it. #digitalstrategy #technologystrategy #onewaydoors

What we're working on at NACOE NACOE is researching more than 50 unique areas to deliver innovative and sustainable solutions for Queensland's road network. Here are some of the projects we have been working on recently: Safety • Investigating a wireless sensor technology in the prediction of rainfall-induced landslides. • Investigating potential improvements to the adhesion of Raised Reflective Pavement Markers (RRPM) on our road surfacings. • Network-level Active Transport data availability and integrity Sustainability • Using limestone cement in stabilisation • Using recycled materials in earthworks and drainage • Exploring strategies for decarbonised construction • Navigating sustainability for structures Efficiency • Intelligent construction technology for higher productivity and better roads in QLD • Improved crumb rubber modified binder sprayed sealing practices • Expanding value-for-money asset preservation solutions and management strategies for sealed roads We are excited to share the results of our research with the industry. Find out more at https://www.nacoe.com.au/ #NACOE #roadsafety #sustainability #efficiency