Saint-Gobain announces that it has completed the acquisition of CSR Limited, establishing a strong presence in the attractive Australian construction market.

CSR is a leading player in building materials in Australia, consisting principally of Building Products (A$1.9 billion in sales and an EBITDA margin of c.18% for the fiscal year ending March 31, 2024), with some of Australia’s most trusted and iconic brands. The acquisition fits extremely well with Saint-Gobain’s worldwide offer on light and sustainable construction.

Following the delisting of CSR on completion of the transaction, Julie Coates has decided to step away from her role as Managing Director and Chief Executive Officer. Julie will continue to serve as a member of the newly established CSR board to ensure a smooth and successful transition. Saint-Gobain is pleased to announce that Paul Dalton, currently CSR Executive General Manager, Interior Systems, will be appointed Chief Executive Officer at the time of delisting.