Acquisition (1063T)
November 30 2011 - 11:49AM
UK Regulatory
TIDMCOD
RNS Number : 1063T
Compagnie de Saint-Gobain
30 November 2011
November 30, 2011
Saint-Gobain's Abrasives Activity strengthens its presence in
South America through the acquisition of Abrasivos Argentinos S.A.
and Dancan S.A.
Saint-Gobain has just finalized the acquisition of Abrasivos
Argentinos S.A. and Dancan S.A. in Argentina, together with their
subsidiaries in Brazil and Uruguay, specialized in the production
of coated abrasives and masking tapes. Founded in 1944, these two
companies are headquartered in Buenos Aires. Their abrasive
products are used in the metals, automotive, timber and
construction industries, and distributed in Argentina, Uruguay and
Brazil. Their aggregated turnover amounted to EUR27million in 2010,
for a total workforce of 450 employees.
Abrasivos Argentinos S.A. has a plant in Buenos Aires and Dancan
S.A. is located in Pilar, 60km from the Argentinean capital.
By acquiring these two companies with a strong local foothold,
Saint-Gobain's Abrasives Activity strengthens its position in
Argentina, the second abrasives market in South America.
Saint-Gobain
Located in 64 countries with around 190,000 employees,
Saint-Gobain, world leader in habitat, designs, manufactures and
distributes building materials providing innovative solutions to
meet the challenges of growth, energy-saving and environmental
protection.
With over 1,650 employees, Saint-Gobain's Abrasives Activity in
Latin America has a powerful manufacturing network of 10 plants in
Brazil, Columbia, and Venezuela, and is also present in Argentina,
Chile and Peru. Its portfolio of products (coated, bonded,
super-abrasives, thin wheels) offers comprehensive solutions for
every step of the grinding process.
Press Contacts Analyst/Investor relations
-------------------------------- ---------------------------------
Sophie Chevallon +33 1 47 62 Florence Triou-Teixeira +33 1 47
30 48 62 45 19
Suzanne Trabitzsch +33 1 47 62 Vivien Dardel +33 1 47 62 44 29
43 25
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This information is provided by RNS
The company news service from the London Stock Exchange
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