Compagnie de Saint-Gobain Acquisition (1288K)
14 April 2015 - 5:41PM
UK Regulatory
TIDMCOD
RNS Number : 1288K
Compagnie de Saint-Gobain
14 April 2015
April 13, 2015
Saint-Gobain steps up presence in abrasives in Brazil
Saint-Gobain has signed a joint venture agreement with British
Indústria e Comércio Ltda., a manufacturer of non-woven abrasives
in Brazil, resulting in the acquisition of 70 percent of this
company's equity. Created in 1996, the company is located in
Indaiatuba, 100 km from Sao Paulo. It manufactures and sells
non-woven abrasives for industrial applications (surface
conditioning materials), professional cleaning and consumer
goods.
In a market for non-woven products that has high growth
potential in South America, this investment will enable
Saint-Gobain to strengthen its lead position in the industry and
construction segments. The Group will be able to expand its range
of abrasive products and add new customers to its portfolio.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350(th) anniversary,
350 reasons to believe in the future. Backed by its experience and
its capacity to continuously innovate, Saint-Gobain, the world
leader in the habitat and construction market, designs,
manufactures and distributes high-performance and building
materials providing innovative solutions to the challenges of
growth, energy efficiency and environmental protection. With 2014
sales of EUR41 billion, Saint-Gobain operates in 64 countries and
has over 180,000 employees. For more information about
Saint-Gobain, visit www.saint-gobain.comand the twitter account
@saintgobain or download the "Saint-Gobain Shareholder" application
for tablet and smartphone.
With approximately 10,600 employees, Saint-Gobain's Abrasives
Activity has a powerful manufacturing network of 63 plants in 27
countries. Its portfolio of products (coated, bonded,
superabrasives, organic grinding wheels, construction products)
offers comprehensive solutions for every step of the grinding
process. For more information, visit
www.saint-gobain-abrasives.com.
Analyst/Investor Relations Media Relations
+33 1 47 62 32
52 +33 1 47 62
Gaetano Terrasini +33 1 47 62 44 30 48
Vivien Dardel 29 +33 1 47 62 Sophie Chevallon +33 1 47 62
Marine Huet 30 93 Susanne Trabitzsch 43 25
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