U. P. Twiga Fiberglass has agreed to be sold to Saint-Gobain
U.P. Twiga Fiberglass
U.P. Twiga Fiberglass Ltd., is a leading manufacturer and the largest supplier of glass wool insulation in India, with a track record of more than four decades. The company provides a wide range of insulation products for thermal and acoustic applications and is a licensee of Saint-Gobain technology for the manufacture of glass wool in India. Twiga has two manufacturing facilities in India; one in Ambernath, Maharashtra and another in Sikandrabad, Uttar Pradesh.
The addition of Twiga’s glasswool insulation business is aimed at consolidating Saint-Gobain’s position in the insulation business in India. This acquisition is in line with Saint-Gobain’s “Grow & Impact” strategy, intending to both strengthen the group’s leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.
This deal marks another ideal outcome for niche industrials businesses in India advised by Lincoln International. Preet Singh, Managing Director in Lincoln’s Industrials Group, commented, “Lincoln is delighted to act as the exclusive financial advisor to the shareholders of Twiga on this strategically important transaction. This acquisition is another example of continued interest and investment by global majors in synergistic businesses in India. Both parties’ commitment to execute this transaction reflects strongly on the strategic fit between Twiga and Saint Gobain’s businesses.”
A worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. Saint-Gobain India is a leader in promoting green buildings in the country with its comprehensive range of solutions for light and sustainable construction, its market and customer-led innovation and its strong brand recognition. The group currently operates 33 manufacturing sites across India and has been significantly investing for growth in India in recent years.
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