Saint-Gobain announced on Thursday that it had signed a definitive agreement to acquire Forsoc, a British manufacturer of chemical solutions for the construction industry, in a transaction worth $1.025 billion (958.75 million euros).

The transaction will be financed from available cash and is expected to close in the first half of 2025, the French building materials group said in a statement. (Written by Dimitri Rhodes, edited by Augustin Turpin)