Compagnie de Saint-Gobain Saint-Gobain finalizes the acquisition of Glava
October 16 2017 - 2:42AM
Dow Jones News
TIDMCOD
RNS Number : 6576T
Compagnie de Saint-Gobain
16 October 2017
PRESS RELEASE
October 16, 2017
Saint-Gobain finalizes the acquisition of Glava, a major player
in the Norwegian insulation market
On June 14, 2017, Saint-Gobain announced that the Group had
entered into exclusive talks with the founding families and
shareholders of Glava to buy their shares. Having received the
clearance from the Norwegian Competition Authority, the transaction
is now completed.
A leading player on the insulation market in Norway, Glava
reported sales of over EUR140 million in 2016. The company has two
glass wool plants, at Askim, 55 km from Oslo, and at Stjørdal near
Trondheim. It also has workshops producing expanded polystyrene and
ceilings. Glava supplies a comprehensive range of insulating
products and accessories to its customers.
This acquisition enables Saint-Gobain to reinforce its position
in the Nordics in line with its strategy.
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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+33 1 47
62 44 29
+33 1 47
Vivien Dardel 62 30 93
Florent Nouveau +33 1 47 +33 1 47
Floriana Michalowska 62 35 98 Susanne Trabitzsch 62 43 25
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October 16, 2017 02:27 ET (06:27 GMT)
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