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Acquisition

8 Jun 2012 07:59

RNS Number : 9706E
Compagnie de Saint-Gobain
08 June 2012
 



 

 

 

 

 

 

June 8, 2012

 

 

 

Saint-Gobain strengthens its presence in Insulation

in the UK by acquiring Celotex

 

 

 

Saint-Gobain has signed an agreement to acquire Celotex Group Limited, one of the leading British producers of high performance insulating foam. For more than 30 years, Celotex has offered solutions dedicated to the improvement of energy efficiency in buildings.

 

Celotex achieved a turnover of £69.7M (€86.7M) during the last fiscal year (to August 2011). Celotex has 170 employees and 2 production lines based in Hadleigh near Ipswich, UK, and has recently extended capacity with a new £3M (€3.7M) Distribution and Innovation Centre in order to support its growth on the construction markets.

 

Already present in the UK and Ireland on the insulation market with its Isover brand, Saint-Gobain enhances, with this acquisition, its insulation offer for new segments such as flat roofs and floors. It also strengthens its positions in the insulation for the new construction and renovation markets.

 

Celotex is continuing to operate under its brand name and with its existing management team. It will complement the Construction Products Sector interior solutions.

 

Completion of the acquisition is subject to approval of the Office of Fair Trading (OFT).

 

 

 

 

 

 

 

 

 

 

 

About Saint-Gobain

 

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2011 sales of €42.1 billion, Saint-Gobain operates in 64 countries and has nearly 195,000 employees.

For more information about Saint-Gobain, visit www.saint-gobain.com.

 

 

 

 

 

 

Analyst / Investor Relations

 

 

Press Contact

 

 

Florence Triou-Teixeira

Vivien Dardel

Alexandra Baubigeat

 

+33 1 47 62 45 19

+33 1 47 62 44 29

+33 1 47 62 30 93

 

Sophie Chevallon Susanne Trabitzsch

 

+33 1 47 62 30 48

+33 1 47 62 43 25

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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