Compagnie de Saint-Gobain Acquisition
December 19 2017 - 2:57AM
Dow Jones News
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RNS Number : 7556Z
Compagnie de Saint-Gobain
19 December 2017
PRESS RELEASE
December 19, 2017
Saint-gobain has entered into an agreement to acquire Per
Strand,
the leading building distribution generalist in Northern
Norway
Saint-Gobain has entered into an agreement with the owners of
the group Per Strand AS to acquire 100% of the shares in the
company. Per Strand is the leading distribution generalist in
Northern Norway with 12 branches. Per Strand group reported sales
of around EUR100 million in 2016.
This acquisition allows Saint-Gobain to reinforce its position
in Building Distribution in one of its key geographic areas. The
generalist brand Optimera strengthens its nationwide market
leadership position as a distributor in Norway with 115
branches.
This acquisition is subject to approval of the Norwegian
antitrust authority.
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
Analyst/Investor relations Media relations
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December 19, 2017 02:42 ET (07:42 GMT)
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