Saint-Gobain announced that it has entered into a definitive agreement to acquire U.P. Twiga Fiberglass Ltd. UP Twiga operates two manufacturing facilities close to Delhi and Mumbai. The company has been a licensee of Saint-Gobain technology since 2005 for the manufacture of glass wool in India and its solutions offer a wide range of applications.
Together with the recent acquisition of Rockwool India Pvt Ltd. in stone wool and Saint- Gobain’s number 1 positions in plasterboard and glass, UP Twiga consolidates Saint- Gobain’s positioning in interior and façade solutions in India, set to benefit from higher building performance requirements and the strong need for acoustic and thermal comfort as well as energy-efficient solutions.
The acquisition of UP Twiga is in line with Saint-Gobain’s “Grow & Impact” strategy aiming to both strengthen the Group’s leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.