Acquisition
April 11 2007 - 2:01PM
UK Regulatory
RNS Number:7237U
Compagnie de Saint-Gobain
11 April 2007
press release
April 11, 2007
Saint-Gobain Building Distribution Sector continues to expand
with 3 acquisitions in Italy, Spain and Germany
Saint-Gobain's Building Distribution Sector has just announced the acquisition
of Vemac (Italy), Discesur (Spain) and Schafer (Germany).
- On a highly fragmented Italian market, Vemac is one of the country's
largest builders' merchants and a regional leader in Abruzzo. The business has
10 branches, employs 187 people and recorded net sales of Euro66 million in 2006.
Following the opening of a second La Plateforme du B(R)xxtiment store at the
beginning of 2007 in Milan, Saint-Gobain Building Distribution reinforces its
presence on the Italian market and now has a solid base on which to develop its
generalist distribution business.
- Discesur is the number 2 distributor of tiles in Spain. With a large
showroom (4,000 m2) in Madrid, the business recorded net sales of over Euro55
million in 2006 and employs 101 people. Through this acquisition, Saint-Gobain
Building Distribution has bolstered its tiles business in Spain and at the same
time confirmed its position as European leader on this market.
- Schafer, a business specialized in distributing roofing products in
Germany, operates 14 branches and employs 130 people. Its net sales reached Euro50
million in 2006. The geographical location of this acquisition will enable
Saint-Gobain Building Distribution to extend its specialized "roofing" network
across the whole of Germany.
With these deals, the total number of acquisitions finalized by the Saint-Gobain
Group in Building Distribution since the beginning of the year stands at 20,
corresponding to full-year net sales of about Euro440 million.
In 2006, Saint-Gobain's Building Distribution Sector posted net sales of Euro17.6
billion. Its 67,000 employees operate a network of over 3,700 sales outlets in
24 countries. It is currently Europe's leading distributor of building materials
and the world's number one tiles distributor. Its main brands are Point.P,
Jewson, Raab Karcher, Dahl, Lapeyre la maison... and La Plateforme du
Batiment.
Investor Relations Department
Florence TRIOU-TEIXEIRA Tel.: +33 1 47 62 45 19
Alexandre ETUY Tel.: +33 1 47 62 37 15
Fax: +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
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