Saint-Gobain acquires TekBond, adhesives specialist in Brazil

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.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 Saint-Gobain 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.