Compagnie de Saint-Gobain Acquisition
July 24 2017 - 2:53AM
Dow Jones News
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RNS Number : 8517L
Compagnie de Saint-Gobain
24 July 2017
PRESS RELEASE
July 24, 2017
Saint-Gobain acquires KIRSON,
the german reinforcement PRODUCTs specialist
Saint-Gobain has signed a share purchase agreement to acquire
100% of the equity capital of Kirson, a major actor on the European
laid scrim market. Founded in 1963, and located in Bavaria,
Germany, Kirson makes reinforcement scrim and combination products
of scrim and nonwoven fabrics. These solutions primarily serve the
waterproofing roofing markets as well as floor coverings and
construction panels. In 2016, Kirson's revenues reached 27 million
euros.
The integration of Kirson into Saint-Gobain's High-Performance
Materials Activity will complete Adfors' offer for the
waterproofing membrane market and help develop the sales of its
products worldwide.
This acquisition is fully aligned with Saint-Gobain's strategy
to consolidate its positioning on high performance solutions in the
housing and construction sector.
This project is subject to the approval of the German antitrust
authorities.
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
Analyst/Investor relations Media relations
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Vivien Dardel 62 30 93
Florent Nouveau +33 1 47 +33 1 47
Floriana Michalowska 62 35 98 Susanne Trabitzsch 62 43 25
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July 24, 2017 02:38 ET (06:38 GMT)
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