TIDMCOD

RNS Number : 5130X

Compagnie de Saint-Gobain

24 November 2017

PRESS RELEASE

November 24, 2017

Saint-Gobain REINFORCES its strategic positioning

in insulation in central Europe

Saint-Gobain has acquired 90% of the shares of Isoroc Poland and its corresponding brand Isoroc in Europe. Saint-Gobain has owned the Isoroc business and brand in Russia since 2016.

Isoroc Poland operates a stonewool plant with a capacity of 35 thousand tons in Nidzica, 160 km North of Warsaw, and plans to open a new line of 40 thousand tons in 2019 to serve Germany and the Nordics, as well as Poland and its neighboring countries.

Isoroc Poland joins the Group's Insulation business (Construction Products). This acquisition is fully aligned with the Group's strategy to consolidate its positioning and to expand in fast growing markets.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

EUR39.1 billion in sales in 2016

Operates in 67 countries

More than 170,000 employees

www.saint-gobain.com

@saintgobain

 
 
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November 24, 2017 12:06 ET (17:06 GMT)

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