Compagnie de Saint-Gobain Acquisition (8605D)
July 11 2016 - 11:47AM
UK Regulatory
TIDMCOD
RNS Number : 8605D
Compagnie de Saint-Gobain
11 July 2016
PRESS RELEASE
July 11, 2016
Saint-Gobain's Mortars Division
continues to expand iN fast-growing countries
Consolidation in Slovenia
Weber has strengthened its presence in Slovenia through the
acquisition of the activities of Demit, a company specializing in
ETICS mortars based in Laško. The acquisition adds a strong base to
serve regional market demand for external thermal insulation
systems.
Foothold in Albania
Weber has acquired the activities of Italcol, a mortars
manufacturer based in Tirana and specialized in tile adhesives and
technical mortars. This transaction allows Weber to gain an
industrial foothold in the East Adriatic region and strengthens its
ability to meet local and regional demand for technical and
innovative products.
Expansion in Brazil
Weber Quarzolit, Saint-Gobain's Mortars division in Brazil, has
strengthened its presence in the country thanks to the acquisition
of Jaspe Argamassas Ltda, a manufacturing company specializing in
tile adhesives based in the State of Mato Grosso do Sul in the
Central-West region of the country. Weber Quartzolit will benefit
from Jaspe Argamassas Ltda's local industrial infrastructure in
pursuing its development going forward.
These transactions are in line with Saint-Gobain's strategy to
increase the share of its industrial assets located outside Western
Europe.
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.
World leader in habitat
EUR39.6 billion in sales in 2015
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
---------------------------------- --------------------------------
+33 1 47 62
32 52
+33 1 47 62 +33 1 47
Gaetano Terrasini 44 29 62 30 10
Vivien Dardel +33 1 47 62 Charles Hufnagel +33 1 47
Florent Nouveau 30 93 Susanne Trabitzsch 62 43 25
------------------- ------------- -------------------- ----------
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQRBMATMBIBBAF
(END) Dow Jones Newswires
July 11, 2016 11:47 ET (15:47 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Sep 2024 to Oct 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Oct 2023 to Oct 2024