Compagnie de Saint-Gobain Acquisition (3883A)

TIDMCOD

RNS Number : 3883A

Compagnie de Saint-Gobain

28 May 2019

PRESS RELEASE

May 28, 2019

Saint-Gobain acquires an acoustic solutionS provider

Saint-Gobain has acquired Pritex, a key player in acoustic and thermal insulation solutions made from polymer-based composite materials and intended for the mobility market.

This acquisition will allow the Mobility business unit of Saint-Gobain High Performance Solutions to expand its business model beyond automotive glazing and become a provider of solutions in the mobility market for comfort, safety and energy saving. With the development of electric vehicles, the need for differentiated noise control and lightweight solutions is gaining momentum. Pritex's expertise in thermo-acoustic insulation materials and design combined with Sekurit's thin glazing capabilities enables an extended offer for customized acoustic and thermal solutions for the automotive market.

Pritex employs 240 people and achieved close to EUR20 million in sales in 2018. The 60-year old company, based in the United Kingdom, is developing a strong presence in Europe.

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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May 28, 2019 13:11 ET (17:11 GMT)