Saint-Gobain has signed a share purchase agreement to acquire 100 percent of the equity capital of TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket, according to a company release.
TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. 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, Saint-Gobain officials report.
The deal is subject to the approval of the Brazilian antitrust authorities.
