Compagnie de Saint-Gobain Finalizes Scotframe Acquisition

By Euan Conley Features Dow Jones Newswires

Compagnie de Saint-Gobain SA (SGO.FR) said Friday that it has finalized the acquisition of U.K. timber manufacturer Scotframe.

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The French producer of construction materials said the takeover complements its building distribution portfolio in the U.K., and will help ramp up its expansion into off-site manufacturing and closed-panel construction.

Neither party disclosed the value of the deal.

Scotframe makes and supplies full timber-frame kits for builders and developers for new-build homes in Great Britain.

The acquisition of the Scotland-based company is the latest in a series of deals for Saint-Gobain following its takeovers of Argentinian waterproofing-systems maker Megaflex and Norwegian insulation manufacturer Glava in October.

Write to Euan Conley at euan.conley@dowjones.com

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(END) Dow Jones Newswires

November 03, 2017 04:40 ET (08:40 GMT)