REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

07/01/2020 07:10

RNS Number : 9619Y
Compagnie de Saint-Gobain
07 January 2020
 


 PRESS RELEASE
 
January 7, 2020
 
SAINT-GOBAIN adds to its high performance solutions portfolio

by acquiring HTMS in HIGH-TEMPERATURE resistant Seals
 
Saint-Gobain has acquired High Tech Metal Seals (HTMS), a designer and manufacturer of engineered metal seals for the industrial, energy and aerospace markets. It completes the Group's product range in offering tailor-made solutions in the sealing industry, after the acquisition of American Seal and Engineering Co., a leader in technical sealing solutions also used in the energy and aerospace industries as well as in transportation, at the start of 2019.
 
HTMS has developed a unique and differentiated niche positioning by providing very advanced metal sealing solutions for use under extreme temperature and pressure conditions. Created in 1999, HTMS employs about 50 people at one site in Belgium.
 
This acquisition is in line with the Group's strategy of developing technological niches. It will join the Mobility business, extending further the seals product range offering and solutions for critical applications. It will accelerate Saint-Gobain's growth, in particular in aerospace, and the business will benefit from our global sales platform, notably in Asia.
 
 
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.
 
€41.8 billion in sales in 2018

Operations in 68 countries

More than 180,000 employees
 
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
 
 




 
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Floriana Michalowska
Christelle Gannage


+33 1 47 62 44 29
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Laurence Pernot
Patricia Marie
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  +33 1 47 62 30 10
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