SAINT-GOBAIN (EPA:SGO) - Saint-Gobain reinforces its positioning in Insulation
Transparency directive : regulatory news
05/10/2018 08:01
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PRESS RELEASEOctober 5th, 2018
SAINT-GOBAIN REINFORCES ITS POSITIONING IN INSULATION
Saint-Gobain has signed an agreement to acquire 100% of the equity capital of
Kaimann, one of Europe's leading manufacturers of elastomeric insulation
products.
With this acquisition, the 18th this year, Saint-Gobain further enhances its
range of insulating solutions, reinforcing its presence on the fast-growing
segment of technical insulation (air-conditioning, refrigeration, heating).
This operation allows the Group to reinforce its positioning in a market where
it is leader and to complement its portfolio of materials and technologies.
Founded in 1959, Kaimann employs 320 people and achieved sales of EUR70m in
2017. The transaction is subject to the approval of Antitrust authorities.
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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