Industry News

Saint-Gobain to Purchase TekBond, a Brazilian Adhesive Producer

Published on 2017-07-26. Author : SpecialChem

Saint-Gobain to Purchase TekBond
Saint-Gobain to Purchase TekBond

Saint-Gobain has signed a share purchase agreement to acquire 100% of the equity capital of TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket.

High-Performance Materials Activity

TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. Its offer is based on a detailed knowledge of the market and customers to adjust its product formulations to local specificities.

TekBond will join the High-Performance Materials Activity. This acquisition will enable SaintGobain in Brazil to create important synergies with the Abrasives, Mortars and Flat Glass business lines on the construction and industrial markets.

The deal is subject to the approval of the Brazilian antitrust authorities.

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Source: Saint-Gobain
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