Saint-Gobain announced it has signed an agreement to acquire 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 specifications.
TekBond will join the High-Performance Materials Activity of Saint-Gobain.
The deal is subject to the approval of the Brazilian antitrust authorities.