Saint-Gobain Buys Belgian Materials Company

By Nathan Allen Features Dow Jones Newswires

France's Compagnie de Saint-Gobain SA (SGO.FR) said on Monday that it has finalized the acquisition of Belgian roof-reinforcement specialist Wattex.

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Neither company disclosed financial details of the transaction.

Wattex was founded in Antwerp in 1953 and produces fiberglass-reinforced materials for various applications, including waterproofing roofs.

Saint-Gobain said the acquisition will allow its technical textile business unit, known as Adfors, to expand its line of roofing reinforcement products.

Write to Nathan Allen at

(END) Dow Jones Newswires

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December 04, 2017 02:44 ET (07:44 GMT)