Compagnie de Saint-Gobain Acquisition

Features Dow Jones Newswires

TIDMCOD

Continue Reading Below

RNS Number : 2528Y

Compagnie de Saint-Gobain

04 December 2017

PRESS RELEASE

December 4, 2017

Continue Reading Below

Saint-Gobain ACQUIRES Wattex, THE FLEMISH

ROOF REINFORCEMENT SPECIALIST

Saint-Gobain has finalized the acquisition of 100% of the equity capital of Wattex, a business owned by the founding family Baert and manufacturing non-woven specialty products for the bitumen roof market. Founded in 1953, and located in the region of Antwerp in Belgium, this company produces non-woven carriers made from glass-fiber reinforced polyester providing excellent performance to waterproofing membranes for roofs.

After taking over the German firm Kirson finalized in October, this Wattex acquisition will enable Saint-Gobain's Adfors business to develop new solutions with its customers and extend its line of reinforcement products on the roofing market.

The acquisition will allow the Group to strengthen its positioning in high performance solutions for housing and construction.

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

Analyst/Investor relations Media relations

----------------------------------- --------------------------------

+331 47

62 44 29

+33 1 47 +331 47

Vivien Dardel 62 30 93 62 30 10

Florent Nouveau +33 1 47 Laurence Pernot +33 1 47

Floriana Michalowska 62 35 98 Susanne Trabitzsch 62 43 25

----------------------- ---------- -------------------- ----------

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQTIBRTMBMMMBR

(END) Dow Jones Newswires

December 04, 2017 02:19 ET (07:19 GMT)