Law firm Shoosmiths has successfully advised FOSROC on its sale to Saint-Gobain for approximately $1.025 billion. The transaction, which was conditional on competition and regulatory approvals, has now officially completed as of February 7, 2025.
FOSROC, a global construction chemicals company with a strong geographic footprint in India, the Middle East and Asia-Pacific, generated estimated sales of $487 million in 2024, with an average annual growth rate of around 11% since 2021.
A team of experts from Shoosmiths’ M&A team advised on the deal, led by Ben Turner, with further support from Rosie Hendon, Alice Richmond, Kendra McCullough, Adam Smith and Hannah Jones. Specialist support was provided by Laura Board and Manpreet Shoker (tax); Simon Barnes and Manu Mohan (anti-trust); Angus Evers (environmental); Fiona Teague and Paul Nightingale (commercial); Sherif Malak and William Moore (privacy); and Sophie Warren (real estate).
Ben Turner, partner and national head of Shoosmiths’ corporate team, commented: “Our proven M&A specialists bring data-driven knowledge and expertise across our key industry sectors to provide our clients with an outstanding level of service. This transaction reinforces the team’s proven expertise in delivering complex, multi-jurisdictional M&A transactions for sophisticated corporate clients like FOSROC and in providing a holistic, multi-disciplinary service across geographies and practice areas. An integral part of the transaction was a global reorganisation of the FOSROC group which required us working in partnership with local counsel across multiple jurisdictions, something we have developed significant experience in.”
“In 2024, the Shoosmiths M&A team advised on over 160 deals with an aggregate value of over £8 billion, building on our market-leading credentials and reputation for excellence in the mid-market – our work on this transaction a testament to the unparalleled depth of our team.”
Mark Davis (Integritas Advisory Limited), spokesperson for FOSROC, commented “We chose an outstanding legal partner in Shoosmiths to deliver this transaction for the shareholders. The Shoosmiths’ team were first class - striking a balance between commerciality and having an encyclopaedic grasp of the detail. They were fully committed to delivering our objectives and brought a real energy to the transaction.”
Disclaimer
This information is for general information purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. Please contact us for specific advice on your circumstances. © Shoosmiths LLP 2025.