TURNHOUT – Soudal once again confirms its ambition to expand its global presence with the simultaneous acquisition of two companies. In Egypt, Falcon Sealant has been acquired, while in Saudi Arabia, Soudal is taking a majority stake in Al Rooq Trading Company.
The Egyptian company, Falcon Sealant, was founded in 2005 in Cairo. The company fills silicone sealants and adhesives, distributing them throughout the construction industry in the greater Cairo region. Falcon Sealant has an annual turnover of more than €10 million and employs 42 people, spread across a production site, offices, and two warehouses. In line with all previous Soudal acquisitions, the ambition is to further expand the infrastructure and workforce in the future.
Falcon Sealant CEO Wael Barakat: “Falcon is proud to start a new phase of strategic cooperation with Soudal today. The goal is to combine local market knowledge with international expertise to drive innovation, expand the product range, and enhance customer value.”
In Saudi Arabia, Soudal is acquiring a majority shareholding in Al Rooq Trading, a company headquartered in Jeddah with warehouses and a showroom in the capital, Riyadh. The company has been Soudal’s local Saudi distributor for more than 25 years and employs 33 people. This year,
Soudal’s turnover in Saudi Arabia will exceed the €10 million mark. Yousef Saleh Alzamil of Al Rooq Trading: “My confidence in our ability to grow has never been greater. In this new chapter, we will be able to focus even more on innovation and local partnerships.”
Vic Swerts, founder and chairman of the Soudal Group: “We are very proud of these two acquisitions, which strengthen our position in an important region of economic growth. Yet another international acquisition—and certainly not our last—once again underlines our steadfast ambition to continue
growing globally.”
