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o SAINT - GOBAIN PRESS RELEASE Saint - Gobain today announces having entered into an agreement to acquire Chryso , a leading global player in the construction chemicals market providing differentiated and innovative solutions , from funds advised by Cinven , the international private equity firm . Chryso provides comprehensive additives solutions for sustainable construction , relying on innovative chemistry , formulation expertise , and knowledge of construction materials . The company employs about 1,300 employees and generated over the last twelve months revenues of approximately € 400 million and an EBITDA of € 85 million . ● May 20 , 2021 The acquisition of Chryso perfectly fits within Saint - Gobain's strategic vision of worldwide leadership for sustainable construction . It will further expand the Group's presence in the growing construction chemicals market with combined sales of more than € 3 billion across 66 countries . ● SAINT - GOBAIN ENTERS INTO AN AGREEMENT TO ACQUIRE CHRYSO , A LEADING GLOBAL PLAYER IN CONSTRUCTION CHEMICALS The enterprise value of € 1,020 million represents a multiple of 12.0x Chryso's last twelve months EBITDA of € 85 million and a multiple of 7.6x post run - rate synergies of € 50 million in year 5 . Saint - Gobain will fully finance the acquisition using the proceeds from divestments made by the Group . ● Key strategic benefits of this transaction for Saint - Gobain include : Reinforcing Saint - Gobain's leadership and growth platform in construction chemicals , benefiting from solid growth prospects . Global demand for additives is expected to grow at c . 7 % per year over the 2021-2025 period , outperforming the construction market . In emerging countries , demand for still underpenetrated construction chemicals solutions will continue to be supported by urbanization , growing infrastructure spending , ready - mix solutions and efficiency gains . In developed economies , demand will be mainly driven by sustainability requirements as well as productivity , technical and aesthetics performance . Perfect alignment with Saint - Gobain's strategy towards solutions for sustainability and performance : the major move towards low - carbon concrete in the next decade will be made possible by the fast growing application of additives , which contribute to the strong reduction of concrete CO2 footprint and address the aggregate shortage and therefore aid the development of the circular economy . Additives also address urbanization mega - trends and infrastructure needs by providing cost effectiveness , speed and productivity gains . Combining R & D capabilities will accelerate Chryso's technological development with the objective to be at the forefront of innovative solutions for sustainable construction . A leading , highly profitable global player in additives with strong innovation ( 35 % new products to sales ratio ) and fast growth in both emerging and mature countries . Chryso has a strong growth record of c . 8 % per year over the last 20 years of which c . 2 % is thanks to acquisitions . The company delivers a superior EBITDA margin - around 20 % for the last twelve months - thanks to a highly experienced management team with a strong track record . 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