Compagnie de Saint-Gobain Acquisition
December 06 2016 - 4:05AM
Dow Jones News
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RNS Number : 0705R
Compagnie de Saint-Gobain
06 December 2016
PRESS RELEASE
December 6, 2016
Saint-gobain STRENGTHENS ITS POSITIONS IN FLAT GLASS
IN ROMANIA
Saint-Gobain has acquired the entire share capital of Romanian
company Pietta Glass Working, active in glass processing and
insulating glazing systems for façade markets and certain
industrial applications. Pietta Glass sales should reach EUR20
million in 2016, with a strong potential for growth over the next
few years.
The Flat Glass business is already established in Romania with a
float glass plant and a coater. This acquisition will allow the
Group to expand the business' industrial footprint in order to
better serve the growing façade markets and round out its
positioning in industrial applications with an optimized cost base.
The transaction is consistent with the Group's strategy of
expanding its range of downstream products towards high value-added
solutions.
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
Present in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor Relations Press Relations
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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
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December 06, 2016 03:50 ET (08:50 GMT)
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