(BRIEF) Saint-Gobain, the world’s leading structural fabrics company, has announced its goal to gain a primary stake in Equateur’s IMPTEK Chova, a major player in the structural chemicals market in Ecuador known for its cutting-edge sealing solutions. represents Saint-Gobain’s access to the Ecuadorian productive market and is part of its strategic plan “Grow
(PRESS RELEASE) COURBEVOIE, December 15, 2023 — /EuropaWire/ — Saint-Gobain (EPA: SGO), a French multinational manufacturer of building, performance and other materials, has announced an agreement to obtain a majority stake in IMPTEK Chova from Equateur, a leading player in the structural chemicals market in Ecuador, known for its cutting-edge sealing solutions. This strategic resolution marks Saint-Gobain’s first commercial presence in Ecuador, expanding its global presence.
IMPTek is expected to generate a turnover of around €30 million in 2023. The company operates a production facility in Quito and employs approximately 120 people. IMPTEK occupies a dominant position in the Ecuadorian structures market, providing a varied diversity of waterproofing solutions, serving local and foreign markets, adding several countries in Latin and Central America. With this acquisition, Saint-Gobain intends to leverage IMPTEK’s leadership position to publicize its comprehensive portfolio of lightweight and sustainable structure responses in Ecuador.
The grand finale of this transaction is subject to the approval of the festival’s government and is expected to be finalized in the first part of 2024.
This acquisition is part of Saint-Gobain’s strategic plan “Grow
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.
For more facts about Saint-Gobain, www. saint-gobain. com
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SOURCE: Saint-Gobain
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