REG - Compagnie St-Gobain - Acquisition <Origin Href="QuoteRef">SGOB.PA</Origin>

Compagnie de Saint Gobain SAAnnouncement

06/12/2016 08:40

RNS Number : 0705R
Compagnie de Saint-Gobain
06 December 2016
PRESS RELEASE
December 6, 2016
Saint-gobain STRENGTHENS ITS POSITIONS IN FLAT GLASS
IN ROMANIA
Saint-Gobain has acquired the entire share capital of Romanian company Pietta Glass Working, active in glass processing and insulating glazing systems for faade markets and certain industrial applications. Pietta Glass sales should reach 20 million in 2016, with a strong potential for growth over the next few years.
The Flat Glass business is already established in Romania with a float glass plant and a coater. This acquisition will allow the Group to expand the business' industrial footprint in order to better serve the growing faade markets and round out its positioning in industrial applications with an optimized cost base. The transaction is consistent with the Group's strategy of expanding its range of downstream products towards high value-added solutions.
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.
39.6 billion in sales in 2015
Present in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor Relations
Press Relations
Gaetano Terrasini
Vivien Dardel 
Florent Nouveau
+33 1 47 62 32 52
+33 1 47 62 44 29
+33 1 47 62 30 93
Charles Hufnagel
Susanne Trabitzsch
+33 1 47 62 30 10
+33 1 47 62 43 25

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