TIDMCOD

RNS Number : 8517L

Compagnie de Saint-Gobain

24 July 2017

PRESS RELEASE

July 24, 2017

Saint-Gobain acquires KIRSON,

the german reinforcement PRODUCTs specialist

Saint-Gobain has signed a share purchase agreement to acquire 100% of the equity capital of Kirson, a major actor on the European laid scrim market. Founded in 1963, and located in Bavaria, Germany, Kirson makes reinforcement scrim and combination products of scrim and nonwoven fabrics. These solutions primarily serve the waterproofing roofing markets as well as floor coverings and construction panels. In 2016, Kirson's revenues reached 27 million euros.

The integration of Kirson into Saint-Gobain's High-Performance Materials Activity will complete Adfors' offer for the waterproofing membrane market and help develop the sales of its products worldwide.

This acquisition is fully aligned with Saint-Gobain's strategy to consolidate its positioning on high performance solutions in the housing and construction sector.

This project is subject to the approval of the German antitrust authorities.

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 
------------------------------------  ---------------------------------- 
                           +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 
-----------------------  -----------  ---------------------  -----------

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQRIMFTMBBTMRR

(END) Dow Jones Newswires

July 24, 2017 02:23 ET (06:23 GMT)

Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Compagnie De Saint-gobain Charts.
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Compagnie De Saint-gobain Charts.