Saint-Gobain to Buy Chryso From Cinven in $1.2 Billion Deal (1)

Saint-Gobain agreed to buy Chryso from private-equity firm Cinven at an enterprise value of 1 billion euros ($1.2 billion), expanding its presence in the market for sustainable building materials.

The deal values Chryso, a maker of chemicals used in the construction industry, at 12 times its Ebitda over the past year, Saint-Gobain said Thursday. The acquisition will be fully financed by the proceeds of divestments, it said.

The purchase “perfectly fits within Saint-Gobain’s strategic vision of worldwide leadership for sustainable construction,” the Courbevoie, France-based firm said.

Chryso employs about 1,300 people and generated revenue of about 400 million euros and ...