Kilwaughter Minerals is to become part of the Saint-Gobain group after a binding agreement was reached for the multi-national to acquire the Northern Irish quarrying and mineral processor.
As per normal process, the acquisition has been forwarded to the Competition and Markets Authority with closing of the transaction expected to be completed in the first half 2025.
Kilwaughter has its headquarters at its limestone quarry in Larne, Northern Ireland from where it serves its construction and agriculture customers throughout the UK and Ireland, with distribution centres in Glasgow, Cork and St Helens. Known for its leading brands K Rend, K Systems and Kilwaughter Lime, the company states it has “delivered continued success in recent years, with a clear strategy centred around outstanding customer service and innovative products.”
To year end (April 2024), Kilwaughter generated revenues of circa £50m and has over 200 employees.
Gary Wilmot, CEO of Kilwaughter Minerals said: “We’re excited with the opportunity to join the Saint-Gobain group and continue Kilwaughter’s ambitious growth journey. Kilwaughter has a rich company culture and heritage, and our focus remains on delivering a leading customer experience, underpinned by our trusted brands.
“We look forward to the added synergy that Saint-Gobain will undoubtedly bring and sharing our passion for innovation, quality and excellence. We see the alignment of the vision and values between both companies as a strong building block for our teams and customers.”
The acquisition is described as being “in line with Saint-Gobain’s strategic plan, “Grow & Impact” which aims to both strengthen the Group’s leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.”
Mike Chaldecott, CEO Saint-Gobain UK & Ireland, commented: “The acquisition of Kilwaughter, which is now subject to competiton clearance, is a great fit for Saint-Gobain. Kilwaughter will provide us with an even greater range and capacity to provide our customers with lightweight construction solutions for lightweight building facades and envelopes that make buildings better for occupants and the planet.
“Kilwaughter has a wide range of systems and a strong reputation for quality and great brands in K Rend and K Systems. It also shares many of the same priorities of Saint-Gobain: a focus on technical expertise and quality; innovation; supporting customers with training and specification support; a deep commitment to sustainability and; as an employer, providing great careers where personal development and well-being are prioritised.”
