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Acquisition of Roofing Business

18 Jul 2014 07:00

RNS Number : 6672M
SIG PLC
18 July 2014
 



SIG plc

("SIG" or "the Group")

Acquisition of Roofing Business

SIG plc, a leading distributor of specialist building products in Europe, today announces that it has acquired Sodimat SAS, a specialist distributor of flat roofing products in France, based in Lyon, for €4.4m in cash.

For the financial year ended 31 December 2013 Sodimat SAS made a profit before tax of €0.55m. Gross assets were €1.4m as at 31 December 2013.

This infill acquisition is in line with the Group's strategy of expanding its French roofing business, Lariviere, in the South of France, and strengthening its offering in flat roofing, which SIG believes to be an attractive segment of the market.

Sodimat SAS is being sold by the Sitbon family, who founded the business.

Enquiries

Simon Bielecki, Head of Investor Relations

SIG plc

0114 285 6300

Richard Mountain / Nick Hasell

FTI Consulting

020 3727 1340

 

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