Compagnie de Saint-Gobain Acquisition

Date : 10/16/2019 @ 6:37AM
Source : Dow Jones News
Stock : Cie de SaintGobain (SGO)
Quote : 36.205  -0.095 (-0.26%) @ 3:36PM

Compagnie de Saint-Gobain Acquisition

Cie de SaintGobain (EU:SGO)
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2 Months : From Sep 2019 to Nov 2019

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RNS Number : 0417Q

Compagnie de Saint-Gobain

16 October 2019

PRESS RELEASE

October 16, 2019

Saint-Gobain accelerates ITS development in MORTARS IN PERU

Saint-Gobain has just closed the acquisition of 100% of the mortars division of the Celima group in Peru, a market where Saint-Gobain has been present since 2014 through its Weber brand. The mortars division acquired is a leader in the country's tiling adhesives market and operates three plants in Lima, Arequipa and Trujillo. In 2018, it generated approximately EUR25 million in sales and has around 100 employees.

This acquisition is in line with the Group's strategy of deepening its footprint in emerging countries, and allows Saint-Gobain to accelerate its development and expand its offering in Peru in a fast-growing construction market. The Group is already a major player on the country's glass and plasterboard 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.

EUR41.8 billion in sales in 2018

Operations in 68 countries

More than 180,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain

 
 
        Analyst/Investor relations                   Press relations 
                          +33 1 47 62                          +33 1 47 62 30 
                           44 29                                10 
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 Vivien Dardel             35 98         Laurence Pernot        37 
  Floriana Michalowska     +33 1 47 62    Patricia Marie        +33 1 47 62 43 
  Christelle Gannage       30 93          Susanne Trabitzsch    25 
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END

ACQMFBFTMBMBMTL

(END) Dow Jones Newswires

October 16, 2019 02:22 ET (06:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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