Compagnie de Saint-Gobain Acquisition
October 05 2018 - 3:17AM
Dow Jones News
TIDMCOD
RNS Number : 0994D
Compagnie de Saint-Gobain
05 October 2018
PRESS RELEASE
October 5(th) , 2018
Saint-Gobain reinforces its positioning IN INSULATION
Saint-Gobain has signed an agreement to acquire 100% of the
equity capital of Kaimann, one of Europe's leading manufacturers of
elastomeric insulation products.
With this acquisition, the 18(th) this year, Saint-Gobain
further enhances its range of insulating solutions, reinforcing its
presence on the fast-growing segment of technical insulation
(air-conditioning, refrigeration, heating). This operation allows
the Group to reinforce its positioning in a market where it is
leader and to complement its portfolio of materials and
technologies.
Founded in 1959, Kaimann employs 320 people and achieved sales
of EUR70m in 2017.
The transaction is subject to the approval of 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.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
+33 1 47 62
44 29
+33 1 47 62 +33 1 47 62
Vivien Dardel 35 98 30 10
Floriana Michalowska +33 1 47 62 Laurence Pernot +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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October 05, 2018 03:02 ET (07:02 GMT)
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