Compagnie de Saint-Gobain Acquisition
November 04 2016 - 1:20PM
Dow Jones News
TIDMCOD
RNS Number : 4270O
Compagnie de Saint-Gobain
04 November 2016
PRESS RELEASE
November 4, 2016
Saint-Gobain Accelerates its development
in Mortars in South-East AsiA
Saint-Gobain through its Mortars business (Construction
Products) has signed an agreement with the listed company NSL in
order to acquire E-Mix, a regional leader in mortars and dry mixes
in South-East Asia. E-Mix provides solutions in tile adhesives,
plastering mortars, masonry products and technical mortars in Hong
Kong, South-East China, Singapore and Malaysia. It had sales of
around EUR70 million in 2015.
This transaction will be carried out based on a price of SGD 160
million (about EUR104 million), representing 6.6 times 2015
adjusted EBITDA.
This acquisition is in line with the Group's strategy of
expanding its presence in emerging countries and will give the
Mortars business, which is already operational in China, Malaysia,
Vietnam, Thailand and Indonesia under the Weber brand, a leading
position in the region, complementing both its geographical
presence and its portfolio of applications.
The acquisition will close after completion of the procedures
required by the Singapore Market Authorities, where NSL is
registered.
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.
EUR39.6 billion in sales in 2015
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
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+33 1 47 62
32 52
+33 1 47 62
Gaetano Terrasini 44 29
Vivien Dardel +33 1 47 62 +33 1 47
Florent Nouveau 30 93 Susanne Trabitzsch 62 43 25
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November 04, 2016 13:05 ET (17:05 GMT)
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