Compagnie de Saint-Gobain Acquisition
25 July 2017 - 04:30PM
Dow Jones News
TIDMCOD
RNS Number : 9826L
Compagnie de Saint-Gobain
25 July 2017
PRESS RELEASE
July 25, 2017
Saint-Gobain acquires TekBond,
adhesives specialist in Brazil
Saint-Gobain has signed a share purchase agreement to acquire
100% of the equity capital of TekBond, the number two adhesives
business in Brazil operating in the construction sector and on the
automotive aftermarket.
TekBond supplies a broad range of adhesives, sealants, sprays
and masking tapes all over Brazil. Its offer is based on a detailed
knowledge of the market and customers to adjust its product
formulations to local specificities.
TekBond will join the High-Performance Materials Activity. This
acquisition will enable Saint-Gobain in Brazil to create important
synergies with the Abrasives, Mortars and Flat Glass business lines
on the construction and industrial markets.
The deal is subject to the approval of the Brazilian antitrust
authorities.
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.
EUR39.1 billion in sales in 2016
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
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+33 1 47
Vivien Dardel 62 30 93
Florent Nouveau +33 1 47 +33 1 47
Floriana Michalowska 62 35 98 Susanne Trabitzsch 62 43 25
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July 25, 2017 02:15 ET (06:15 GMT)
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