Compagnie de Saint-Gobain Finalizes Scotframe Acquisition
November 03 2017 - 4:55AM
Dow Jones News
By Euan Conley
Compagnie de Saint-Gobain SA (SGO.FR) said Friday that it has
finalized the acquisition of U.K. timber manufacturer
Scotframe.
The French producer of construction materials said the takeover
complements its building distribution portfolio in the U.K., and
will help ramp up its expansion into off-site manufacturing and
closed-panel construction.
Neither party disclosed the value of the deal.
Scotframe makes and supplies full timber-frame kits for builders
and developers for new-build homes in Great Britain.
The acquisition of the Scotland-based company is the latest in a
series of deals for Saint-Gobain following its takeovers of
Argentinian waterproofing-systems maker Megaflex and Norwegian
insulation manufacturer Glava in October.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
November 03, 2017 04:40 ET (08:40 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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