Compagnie de Saint-Gobain Acquisition (9116W)

TIDMCOD

RNS Number : 9116W

Compagnie de Saint-Gobain

24 April 2019

PRESS RELEASE

April 24, 2019

Saint-Gobain ENTERS THE PLASTERBOARD MARKET IN MEXICO

Saint-Gobain has just completed the acquisition of the entire capital of KNAUF Mexico, a company specializing in the manufacture and distribution of plasterboard. KNAUF Mexico had close to EUR30 million in sales in 2018.

This acquisition marks Saint-Gobain's entry onto the Mexican plasterboard market and rounds out its current plasterboard offering for buildings and ceilings.

The transaction enables the Group to reinforce its presence on a fast-changing construction market, where it already enjoys a leading position in the glass market.

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.

EUR41.8 billion in sales in 2018

Operates in 67 countries

More than 180,000 employees

To learn more about Saint-Gobain

go to www.saint-gobain.com

and follow us on Twitter @saintgobain

 
 
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April 24, 2019 02:08 ET (06:08 GMT)