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Compagnie St-Gobain (COD)

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Wednesday 11 October, 2017

Compagnie St-Gobain

Acquisition

RNS Number : 2857T
Compagnie de Saint-Gobain
11 October 2017
 

PRESS RELEASE

 

October 11, 2017

 

 

Saint-Gobain REINFORCES its PRESENCE

in Mortars in Argentina

 

 

Saint-Gobain has acquired Megaflex S.A in Argentina through its Mortars business (Construction Products).

 

Megaflex is the leader in waterproofing applications in Argentina, mainly acting in bitumen felts and paints, with total sales of ARS 568 million in 2016 (c. €35 million).

 

This acquisition is in line with the Group's strategy of expanding its presence in emerging countries and complements the Mortars business portfolio in Argentina, where Weber is already the market leader.

 

 

 

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.

 

€39.1 billion in sales in 2016

Operates in 67 countries

More than 170,000 employees

www.saint-gobain.com 
@saintgobain

 

 

 

Analyst/Investor relations

 

 

Media relations

Vivien Dardel

Florent Nouveau

Floriana Michalowska

+33 1 47 62 44 29

 +33 1 47 62 30 93

 +33 1 47 62 35 98

 

Susanne Trabitzsch

 

 +33 1 47 62 43 25

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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