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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Cie de SaintGobain | EU:SGO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.66 | -0.79% | 83.40 | 83.46 | 83.48 | 83.72 | 82.30 | 83.70 | 441,580 | 13:58:02 |
From Jan 2020 to Jan 2025
By Nathan Allen
Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has bought German thermal-insulation and fire-protection specialist HKO.
HKO posted sales of 39 million euros ($45.7 million) in 2017 and employs 225 people across its two plants in Germany and sales operations in France, the U.S. and China.
It manufactures glass-fiber insulating products that can withstand temperatures of up to 1,000 degrees Celsius, according to Saint-Gobain.
"This acquisition is in line with the Group's strategy of developing technological niches," Saint-Gobain said.
Neither company disclosed a sale price.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
August 01, 2018 02:33 ET (06:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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