Morningstar

Saint-Gobain Restructures Construction-Chemical Operations in Germany

Provided by Dow Jones

By Maitane Sardon 




  Saint-Gobain said it is restructuring its construction-chemical operations in Germany as the company seeks to accelerate growth and strengthen market leadership in the country. 



  The French construction-materials company said it plans to transfer its Weber dry-mortar business to the Franken Maxit joint venture. The move will make Franken Maxit one of the largest dry-mortar manufacturers in Germany, it said. 



  The joint venture will have 17 locations in Germany and over 1,200 employees after the transfer, Saint-Gobain said. 



  The company added that it plans to integrate other construction-chemical brands in Germany as it focuses on technical applications and specialty products. 



  The transaction is expected to close by end of September 2025, it said. 





  Write to Maitane Sardon at maitane.sardon@wsj.com 





  (END) Dow Jones Newswires



  September 08, 2025 12:58 ET (16:58 GMT)


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