Saint-Gobain, an offeror of design, manufacturing, and distributing building materials, completed the acquisition of CSR, a manufacturer of building products for home buildings, renovations and commercial construction, for $3bn. "We are delighted with the timely completion of this major transaction in Australia's attractive high-growth construction market which is underpinned by solid macroeconomic fundamentals. The acquisition will strengthen our presence in the fast-growing Asia-Pacific markets and is fully aligned with our "Grow & Impact" strategy and our worldwide leadership in light and sustainable construction. We see a tremendous opportunity to build on CSR's strengths to further accelerate its growth in the region," Benoit Bazin, Saint-Gobain Chairman and Chief Executive Officer.