Compagnie de Saint-Gobain Acquisition (8086J)
June 17 2014 - 5:25AM
UK Regulatory
TIDMCOD
RNS Number : 8086J
Compagnie de Saint-Gobain
17 June 2014
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 EUR42 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/.
Analyst/Investor Relations Media Relations
----------------------------------------- ---------------------------------------------------------------
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Gaetano Terrasini 44 29 30 48
Vivien Dardel +33 (0)1 47 62 Sophie Chevallon +33 (0)1 47 62
Marine Huet 30 93 Susanne Trabitzsch 43 25
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