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o SAINT - GOBAIN PRESS RELEASE December 6 , 2021 SAINT - GOBAIN MAKES A DECISIVE STEP TO ESTABLISH A LEADING POSITION WORLDWIDE IN CONSTRUCTION CHEMICALS BY SIGNING A DEFINITIVE AGREEMENT TO ACQUIRE GCP APPLIED TECHNOLOGIES Saint - Gobain and GCP Applied Technologies announce that they have entered into a definitive agreement pursuant to which Saint - Gobain will acquire all of the outstanding shares of GCP for $ 32.00 per share , in cash , in a transaction valued at approximately $ 2.3bn ( approximately € 2.0bn ) . This acquisition is a decisive step in establishing Saint - Gobain's leading position worldwide in construction chemicals with total sales of more than € 4bn ( up from € 3bn ) , and furthers the Group's strategy as worldwide leader in light and sustainable construction . The agreed upon price represents a multiple ( before synergies ) of approximately 13.2x GCP's 2022E adjusted EBITDA of $ 170 million and a multiple of 8.8x EBITDA post run - rate synergies of $ 85 million , and a premium of 39 % above the volume - weighted average price per GCP share for the 30 - trading days ended on the undisturbed date of November 30 , 2021. This acquisition meets the Group's strategic and financial criteria articulated during the Capital Markets Day of October 6 , 2021 : 1 ) Strengthening leadership positions notably in North America and Asia as well as offering enrichment in light and sustainable construction 2 ) 3 ) Value creation by year 3 following the closing of the transaction and EPS ( Earnings Per Share ) accretive from year 1 ( + 4 % before synergies ) Maintaining a strong balance sheet and solid credit rating with a limited impact of + 0.3x net debt to EBITDA STRATEGIC BENEFITS The business combination has been unanimously approved by the Boards of Directors of Saint - Gobain and GCP Applied Technologies . Saint - Gobain has obtained undertakings from Starboard and Standard Investments ( formerly known as 40North ) / Standard Industries to vote their respective stakes of 8.9 % and 24.2 % in favor of the transaction . Closing of the transaction is subject to GCP shareholders ' approval , antitrust approvals and satisfaction of other customary closing conditions ; it is expected to close by year - end 2022 . GCP Applied Technologies is a major global player in specialty construction chemicals with approximately $ 1.0bn revenues , 50 manufacturing plants in 38 countries and employs around 1,800 people . It brings a global platform with established success in cement additives , concrete admixtures , infrastructure and commercial and residential waterproofing . GCP is a unique opportunity for Saint Gobain to establish a leading worldwide presence in the growing construction chemicals sector , delivering both sustainability and performance for customers . The combined platform of Weber , Chryso and GCP offers customers a highly comprehensive portfolio of construction chemicals solutions with strong complementary geographic footprints . SAINT - GOBAIN Headquarters : Tour Saint - Gobain - 12 place de l'Iris - 92096 - La Défense Cedex - France - Tel : +33 1 88 54 00 00 www.saint-gobain.com