Adfil Group has been sold to Saint-Gobain
Antwerp – CFI is pleased to announce it has acted as the exclusive corporate finance advisor to Adfil Group in its sale to Compagnie de Saint-Gobain (‘Saint-Gobain’).
About Adfil Group
Adfil Group is a Belgian innovative manufacturer of synthetic fibers for concrete reinforcement. In 2019, Adfil Group was carved out from the Low & Bonar group by its current managing shareholders. The company has been growing very rapidly since, due to a combination of sales and R&D efforts. Via Belgian Fibres Group it acquired in 2022 complementary activities. The Adfil Group products allow important savings in terms of labour and material costs in the concrete building & construction market. Adfil Group realised close to EUR 40 million revenues in 2022, exporting to multiple countries.
About Saint-Gobain
Saint-Gobain is a worldwide leader in light and sustainable construction, designing manufacturing and distributing materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonisation of construction and industry, are developed through a continuous innovation process and provide sustainability and performance. The company is listed on the Paris Stock Exchange with a global turnover of EUR 51 billion.
About the transaction
Thanks to this acquisition, Saint-Gobain will be able to offer its clients an enlarged range of solutions integrating concrete admixtures and fibers accelerating the development of sustainable and high-performance concrete.
CFI’s role in the process
CFI acted as the corporate finance lead advisor in the discussions and negotiations that ultimately resulted in a successful transaction with Saint-Gobain on 25 September 2023. The management team and shareholders of Adfil Group: “Working together with CFI felt like teamwork from the start. CFI played an important role in every step of the transaction process allowing us to accomplish a fantastic outcome for the Adfil Group and all stakeholders.”
Related
This transaction was advised by:
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