Last checked at 6 Dec 2016 08:35
PRESS RELEASE
December 6, 2016
Saint-gobain STRENGTHENS ITS POSITIONS IN FLAT GLASS
IN ROMANIA
Saint-Gobain has acquired the entire share capital of Romanian company Pietta Glass Working, active in glass processing and insulating glazing systems for façade markets and certain industrial applications. Pietta Glass sales should reach €20 million in 2016, with a strong potential for growth over the next few years.
The Flat Glass business is already established in Romania with a float glass plant and a coater. This acquisition will allow the Group to expand the business' industrial footprint in order to better serve the growing façade markets and round out its positioning in industrial applications with an optimized cost base. The transaction is consistent with the Group's strategy of expanding its range of downstream products towards high value-added solutions.
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.
€39.6 billion in sales in 2015
Present in 67 countries
More than 170,000 employees
www.saint-gobain.com@saintgobain
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