Compagnie St-Gobain - Acquisition
13 April 2000 - 5:53PM
UK Regulatory
RNS Number:0247J
Compagnie de Saint-Gobain
13 April 2000
Pursuing its growth strategy, the Pipe Division of Saint-Gobain has reached an
agreement for the acquisition of the pipe manufacturing interests of the UK
Biwater group: Biwater Industries (Clay Cross).
Biwater Industries (Clay Cross) employs around 700 people and achieved a
turnover for 1999 of nearly #60 million operating from one plant in the
Midlands.
This acquisition will enhance the leadership of the Pipe Division in pipe-based
water distribution systems as well as the competitiveness of its product range
and services.
Completion of this agreement is conditional upon the approval of the relevant
competition authorities.
Investor Relations Department
Tel.: Florence TRIOU +33 1 47 62 45 19 - mailto :
florence.triou@saint-gobain.com
Tel. : Lounis BEKKAT +33 1 47 62 32 36 - mailto :
louinis.bekkat@saint-gobain.com
Fax : +33 1 47 62 50 62
END
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