Acquisition of Roofing Business

RNS Number : 6672M

SIG PLC

18 July 2014

SIG plc

("SIG" or "the Group")

Acquisition of Roofing Business

SIG plc, a leading distributor of specialist building products in Europe, today announces that it has acquired Sodimat SAS, a specialist distributor of flat roofing products in France, based in Lyon, for €4.4m in cash.

For the financial year ended 31 December 2013 Sodimat SAS made a profit before tax of €0.55m. Gross assets were €1.4m as at 31 December 2013.

This infill acquisition is in line with the Group's strategy of expanding its French roofing business, Lariviere, in the South of France, and strengthening its offering in flat roofing, which SIG believes to be an attractive segment of the market.

Sodimat SAS is being sold by the Sitbon family, who founded the business.

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