Saint-Gobain to acquire El Volcan Soluciones Constructivas from El Volcan Group.

Saint-Gobain, a French multinational corporation producing a variety of construction materials, agreed to acquire El Volcan Soluciones Constructivas, a company specialized in the production and sale of plasterboard, from El Volcan Group, an exploitation company in Peru. This transaction is not subject to conditions and is expected to be finalized in January 2021. Financial terms were not disclosed. After this new entity has been merged with SG Productos para la Construccion, which specializes in the production and sale of mortars and has been wholly owned by the Saint-Gobain Group since December 2019, Saint-Gobain will retain a 55% stake in the new consolidated group and will sell the remaining 45% to the El Volcan group.