Compagnie de Saint-Gobain Acquisition

TIDMCOD

RNS Number : 7556Z

Compagnie de Saint-Gobain

19 December 2017

PRESS RELEASE

December 19, 2017

Saint-gobain has entered into an agreement to acquire Per Strand,

the leading building distribution generalist in Northern Norway

Saint-Gobain has entered into an agreement with the owners of the group Per Strand AS to acquire 100% of the shares in the company. Per Strand is the leading distribution generalist in Northern Norway with 12 branches. Per Strand group reported sales of around EUR100 million in 2016.

This acquisition allows Saint-Gobain to reinforce its position in Building Distribution in one of its key geographic areas. The generalist brand Optimera strengthens its nationwide market leadership position as a distributor in Norway with 115 branches.

This acquisition is subject to approval of the Norwegian antitrust authority.

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

 
 
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This information is provided by RNS

The company news service from the London Stock Exchange

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December 19, 2017 02:42 ET (07:42 GMT)

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