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Pin to quick picksSaint Gobain Or Regulatory News (COD)

Share Price Information for Saint Gobain Or (COD)

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Share Price: 74.875
Bid: 71.15
Ask: 78.60
Change: 4.35 (6.17%)
Spread: 7.45 (10.471%)
Open: 70.525
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Acquisition

4 Jan 2016 16:50

RNS Number : 7843K
Compagnie de Saint-Gobain
04 January 2016
 

 

January 4, 2016

 

 

Saint-Gobain reinforces its Performance Plastics business in Brazil

 

Saint-Gobain has acquired Brazilian company SG Plasticos, a leading player in specialty extruded tubing in Brazil, based in the state of São Paulo. The company provides differentiated and customized solutions related to fluid transfers on demanding applications to a wide variety of markets, including industrial, life sciences and automotive.

 

This acquisition is in line with the Group's strategy to increase its share of industrial assets in High-Performance Materials and in the US or in emerging countries. It will give Saint-Gobain Performance Plastics a leading position in the Brazil's high value-added tubing market, adding local manufacturing capabilities to strengthen its presence in the region with a broader portfolio of applications.

 

 

 

ABOUT SAINT-GOBAIN

Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €38.3 billion*, Saint-Gobain operates in 66 countries and has more than 170,000 employees. For more information about Saint-Gobain, visitwww.saint-gobain.com and the twitter account @saintgobain, or download the "Saint-Gobain Shareholder" application for tablet and smartphone.

 

* restated excluding Verallia

 

 

 

 

Analyst/Investor relations

 

Press relations

 

Gaetano Terrasini

Vivien Dardel

Florent Nouveau

 

+33 1 47 62 32 52

+33 1 47 62 44 29

+33 1 47 62 30 93

 

 

Charles Hufnagel 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
 
END
 
 
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