Saint-Gobain to acquire GCP Applied Technologies for $2.3bn.

Saint-Gobain, a manufacturing company, agreed to acquire GCP Applied Technologies, a construction products technologies company, for $2.3bn. The transaction is expected to close in the second half of 2022. “We are thrilled for GCP to join Saint-Gobain, the ideal strategic partner to support our growth. Thanks to its global platform, significant resources as well as commercial and innovation expertise, Saint-Gobain is perfectly positioned to ensure the success of GCP’s operations and people over the long term,” Simon Bates, GCP President and CEO.