Saint-Gobain Strengthens Insulation Offering in Argentina
Saint-Gobain has completed the acquisition of Termica San Luis, a leader in stone wool insulation in Argentina. The family-owned business has over 70 years of experience in insulation and is the leading producer of stone wool in the country. Termica San Luis employs 40 people at one plant in the San Luis province, they will join the 800 Saint-Gobain employees in Argentina.
The acquisition allows Saint-Gobain to strengthen its presence in the insulation market, enhancing its range of solutions for customers thanks to the combination of its position in glass wool insulation with that of Termica San Luis in stone wool.
With sales of over €300 million and the strong profitable growth achieved over many years, Saint-Gobain holds the leading position in sustainable construction in Argentina, providing its customers with the widest market range from comprehensive insulation solutions, to construction chemicals, plasterboard and plaster.
