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17 Jun 2014 10:25
June 17, 2014
Saint-Gobain acquires U.S.-based Phoenix Coating Resources Inc.
Saint-Gobain has finalized the acquisition of Phoenix Coating Resources Inc., a company based in Mulberry, FL that manufactures ceramic ingots used to produce high-resistance thermal coatings on metal parts for the aeronautics industry. The aim is to improve the energy efficiency of aircraft engines by enabling them to operate at higher temperatures.
Phoenix Coating Resources Inc. will join Saint-Gobain's Ceramic Materials business. The acquisition will enable Saint-Gobain to expand the range of coating solutions it provides to the aeronautics industry, in alignment with the Group's strategy of strengthening its position in high-performance solutions for growing markets.
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes high-performance building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com.
With almost 6,400 employees, Saint-Gobain's Ceramic Materials business has a powerful manufacturing base that includes 65 plants in 18 countries. It manufactures a wide range of high value-added components for industrial markets, including grains and powders, ceramic components, refractories, specialty crystals and associated systems. For more information, visit www.ceramicmaterials.saint-gobain.com/.
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