Developments (6939G)
May 16 2011 - 12:24PM
UK Regulatory
TIDMCOD
RNS Number : 6939G
Compagnie de Saint-Gobain
16 May 2011
May 16(th) , 2011
Saint-Gobain's Industrial Mortars Division
Steps Up the Pace of International Growth
Indonesia, Brazil, Turkey, Italy
The Saint-Gobain Group's Industrial Mortars Division has carried
out four international acquisitions since the beginning of the
year,together representing some EUR60 million in annual
revenues.
- Acquisition of a majority interest in the capital of PT. Cipta
Mortar Utama in Indonesia
The Industrial Mortars subsidiary Saint-Gobain Weber has signed
an agreement for the acquisition of a 51% interest in the capital
of Indonesia-based PT. Cipta Mortar Utama. The deal should be
closed in June, once the administrative formalities have been
completed.
PT. Cipta Mortar Utama is Indonesia's leading industrial mortars
company, with a product range that includes tile adhesives and
grouting, masonry mortar, wall and floor rendering and technical
mortars.Through its subsidiary, PT. Prima Rezeki Pertiwi, it also
manufactures and sells lightweight blocks which in Indonesia
represent a downstream activity from industrial mortars.
In 2010, the company reported consolidated revenues of IDR 330
billion (approximately EUR28 million), with some 210 employees.
The acquisition gives the Construction Products Sector, through
its Industrial Mortars Division, a solid foothold in a country with
a fast-growing economy and a very promising future.
- Acquisition of Anchortec in Brazil
In Brazil, in early April Saint-Gobain Weber acquired the entire
capital of Anchortec, a company that enjoys strong synergies with
Weber Quartzolit, which is the leading industrial mortars company
with 19 plants and over 1,300 employees spread throughout the
country.
Anchortec is a major player in the market for additives used by
the construction industry and one of the leading companies in the
floor coating market, with average revenue growth of 15% per year.
The company has 140 employees and operates a plant in Mogi das
Cruzes, in the Sao Paulo region. Up to now, Anchortec sold its
products mainly to installers in the Brazil's southern states. It
will now have access to Weber's entire national distribution
network, allowing the Industrial Mortars Division to consolidate
its position in the Brazilian market. Anchortec's 2010 revenues
amounted to EUR20 million.
Two other companies have also been acquired this year, Promix in
Turkey and Edilcace in Italy, contributing additional revenues of
some EUR10 million.
With these four transactions, the Saint-Gobain Group - through
the Industrial Mortars Division - is continuing to expand in
emerging markets and consolidating its presence in Europe.
Analyst/Investor Relations Press Contact
------------------------------------ --------------------------------
Florence Triou-Teixera +33 1 47 Sophie Chevallon +33 1 47 62
62 45 19 30 48
Etienne Humbert +33 1 47 62 30 49
Vivien Dardel +33 1 47 62 44 29
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This information is provided by RNS
The company news service from the London Stock Exchange
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