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30 Sep 2021 17:08
PRESS RELEASE
September 30, 2021
Saint-gobain COMPLETES ITS acquisition OF Panofrance,
A SPECIALIST DISTRIBUTOR OF TIMBER AND PANELS
Saint-Gobain has completed its acquisition of the French company Panofrance, a specialist distributor of timber and panels for the construction and furnishing industries.
Panofrance had sales of approximately €160 million in 2020, around 30 points-of-sale throughout France and more than 600 employees. It will complement Dispano, a Saint-Gobain subsidiary specialized in the trade of timber products and by-products, with 46 points-of-sale in France and sales of €380 million in 2020.
This acquisition will allow Saint-Gobain to increase the density of its geographical footprint on the fast-growing market of timber-based building systems providing lightweight and rapid implementation solutions. Following the recent acquisition of timber construction specialist Brüggemann in Germany, Saint-Gobain therefore continues to grow on this dynamic lightweight construction market thanks to its solutions for sustainability and performance.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.
€38.1 billion in sales in 2020 More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter @saintgobain.
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