SAINT-GOBAIN (EPA:SGO) - Saint-Gobain enters into very high temperature thermal insulation markets
Transparency directive : regulatory news
01/08/2018 07:58
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PRESS RELEASEAugust 1st, 2018
SAINT-GOBAIN ENTERS INTO VERY HIGH TEMPE RATURE THERM AL INSULATION MARKETS
Saint-Gobain has acquired the German company HKO, that designs, produces and
distributes a complete range of very high temperature thermal insulation and
fire protection solutions made from various types of glass fibers to cover
temperature resistances between 600 and 1,000°C.
Founded in the 1970s, HKO employs 225 people and has two plants in Germany with
sales affiliates in France, USA and China. It reported sales of 39 million
euros in 2017. With mostly customized solutions, the company answers the
growing needs of customers in the construction, industrial and automotive
markets.
This acquisition is in line with the Group's strategy of developing
technological niches. It will join the ADFORS business within the
High-Performance Materials Activity. The acquisition allows Saint-Gobain to
expand its range of high value-added solutions by entering into the very high
temperature thermal insulation area and becoming a leader of the European
market.
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.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations
Vivien Dardel +33 1 47 62 44 29
Floriana Michalowska +33 1 47 62 35 98
Christelle Gannage +33 1 47 62 30 93
Media relations
Laurence Pernot +33 1 47 62 30 10
Susanne Trabitzsch +33 1 47 62 43 25
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