Compagnie de Saint-Gobain Acquisition
December 04 2017 - 2:34AM
Dow Jones News
TIDMCOD
RNS Number : 2528Y
Compagnie de Saint-Gobain
04 December 2017
PRESS RELEASE
December 4, 2017
Saint-Gobain ACQUIRES Wattex, THE FLEMISH
ROOF REINFORCEMENT SPECIALIST
Saint-Gobain has finalized the acquisition of 100% of the equity
capital of Wattex, a business owned by the founding family Baert
and manufacturing non-woven specialty products for the bitumen roof
market. Founded in 1953, and located in the region of Antwerp in
Belgium, this company produces non-woven carriers made from
glass-fiber reinforced polyester providing excellent performance to
waterproofing membranes for roofs.
After taking over the German firm Kirson finalized in October,
this Wattex acquisition will enable Saint-Gobain's Adfors business
to develop new solutions with its customers and extend its line of
reinforcement products on the roofing market.
The acquisition will allow the Group to strengthen its
positioning in high performance solutions for housing and
construction.
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.
EUR39.1 billion in sales in 2016
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
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December 04, 2017 02:19 ET (07:19 GMT)
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