Acquisition
21 December 2007 - 7:51PM
UK Regulatory
RNS Number:4760K
Compagnie de Saint-Gobain
21 December 2007
SAINT-GOBAIN ACQUIRES
THE THIRD LARGEST DANISH BUILDERS' MERCHANT AND
LAUNCHES EXCLUSIVE NEGOTIATIONS FOR THE PURCHASE OF
ESTONIA'S LEADING BUILDERS' MERCHANT
December 20, 2007
Saint-Gobain's Building Distribution Sector announces the acquisition of DLH's
building materials distribution division and the launch of exclusive
negotiations for the purchase of the Estonian building materials distributor
Famar Desi.
* With estimated sales of DKK1.82 billion (Euro245 million) in 2007, DLH's
building materials distribution division is the third largest builders'
merchant in Denmark. The network has 18 outlets and a logistics center and
employs 550 people.
* With estimated sales of EEK1.9 billion in 2007 (Euro122 million), Famar Desi is
Estonia's leading builders' merchant. Its network encompasses 16 outlets,
including two in Latvia, thereby establishing Saint-Gobain's Building
Distribution Sector for the first time in that country. Famar Desi has 700
employees.
Following the 2004 acquisition of the DAHL group, Scandinavia's leading plumbing
and heating distributor, and the 2005 acquisition of the Optimera group, a
builders' merchant in Norway and Sweden, Saint-Gobain's Building Distribution
Sector continues its development strategy in the Nordic countries, building
solid bases for expansion in Denmark and the Baltic countries.
With these acquisitions, full-year sales for the Building Distribution Sector in
the Nordic countries are expected to reach Euro3.3 billion, an average annual
increase of 24% since the acquisition of DAHL. The acquisitions should bring the
Building Distribution Sector's network to 78 outlets in Denmark and 19 in
Estonia.
The acquisitions are subject to approval from the relevant competition
authorities.
Saint-Gobain's Building Distribution Sector generated sales of Euro17.6 billion in
2006. With more than 70,000 employees and 4,000 outlets in 24 countries, it is
the leading European distributor of building materials and the world's leading
distributor of tiling products. Its main distribution brands are Point.P,
Jewson, Raab Karcher, DAHL, Lapeyre la maison and the Platform chain.
Investor Relations Department
Mrs Florence Triou-Teixeira Tel.: +33 1 47 62 45 19
Mr Alexandre Etuy Tel.: +33 1 47 62 37 15
Mr Vivien Dardel Tel.: +33 1 47 32 44 29
Fax.: +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
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