Saint-Gobain has finalized its acquisition of CSR Limited, enhancing its presence in the rapidly growing Australian construction market. The move aligns with Saint-Gobain's 'Grow & Impact' strategy and reinforces its commitment to sustainable construction. Following the acquisition, Julie Coates steps down as Managing Director, with Paul Dalton assuming the role of CEO.
Saint-Gobain has announced the completion of its acquisition of CSR Limited, consolidating its strong presence in the attractive and fast-growing Australian construction market. Benoit Bazin, Chief Executive Officer of Saint-Gobain, expressed his delight at the completed transaction:
"We are delighted to have completed this important transaction in the attractive Australian construction market, which is underpinned by solid macro-economic fundamentals. The acquisition strengthens our presence in the fast-growing Asia-Pacific markets and is in line with our 'Grow & Impact' strategy and our global leadership in sustainable construction. We see a tremendous opportunity to build on CSR's strengths to further accelerate its growth in the region. I am very impressed by the expertise, know-how and commitment of the CSR teams at all levels. It gives me great pleasure to officially welcome them all to Saint-Gobain."
Management update
Following the delisting of CSR Limited, Julie Coates has decided to step down from her role as Managing Director. However, she will remain as a member of the newly formed CSR Board to ensure a smooth and successful transition. Paul Dalton, currently CSR Executive General Manager, Interior Systems, will assume the role of Chief Executive Officer at the time of delisting.
19.07.2024, Saint-Gobain
News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.