Saint-Gobain Buys 25.1% in Russia's ZAO ISOROC
September 20 2012 - 12:28PM
Dow Jones News
French construction material maker Saint-Gobain SA (SGO.FR)
Thursday said it acquired a 25.1% stake in Russian stone wool
manufacturer ZAO Isoroc, which is based in Tambov.
MAIN FACTS:
- ISOROC is leader in the Central region for stone wool
products, the most commonly used insulation material in the former
Soviet Union.
- Isoroc reported revenues of EUR46 million in 2011.
- This transaction is in line with the Saint-Gobain Group's
expansion strategy in fast-growing high-potential regions and in
energy efficiency markets.
-Write to Inti Landauro at inti.landauro@dowjones.com
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