Compagnie de Saint-Gobain Acquisition
30 June 2017 - 4:39PM
Dow Jones News
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RNS Number : 7012J
Compagnie de Saint-Gobain
30 June 2017
PRESS RELEASE
June 30, 2017
Saint-Gobain Acquires SimTek Fence
Saint-Gobain, through its North American subsidiary CertainTeed
Corporation, is acquiring the assets of SimTek Fence, Inc. Founded
in 2007, SimTek is an industry innovator of fence products that
complement the Siding portfolio within Saint-Gobain's Exterior
Products.
SimTek's product line includes its Ecostone simulated-stone
fence system and the Ashland Collection of wood grain fence panels.
This acquisition brings together two highly talented teams,
CertainTeed and SimTek, that will expand the knowledge base,
energize product development efforts and continue building
CertainTeed as an innovative North American brand in exterior
solutions.
This acquisition is in line with Saint-Gobain's strategy to
consolidate its leadership positions and to develop innovative
niches.
The acquisition includes a single manufacturing location in the
USA (Utah), a distribution center (Pennsylvania) and a total of 75
employees.
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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June 30, 2017 02:24 ET (06:24 GMT)
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