Compagnie de Saint-Gobain Acquisition (4325W)
August 01 2018 - 2:11AM
UK Regulatory
TIDMCOD
RNS Number : 4325W
Compagnie de Saint-Gobain
01 August 2018
PRESS RELEASE
August 1(st) , 2018
SAINT-GOBAIN ENTERS INTO VERY HIGH TEMPERATURE
THERMAL INSULATION MARKETS
Saint-Gobain has acquired the German company HKO, that designs,
produces and distributes a complete range of very high temperature
thermal insulation and fire protection solutions made from various
types of glass fibers to cover temperature resistances between 600
and 1,000degC.
Founded in the 1970s, HKO employs 225 people and has two plants
in Germany with sales affiliates in France, USA and China. It
reported sales of 39 million euros in 2017. With mostly customized
solutions, the company answers the growing needs of customers in
the construction, industrial and automotive markets.
This acquisition is in line with the Group's strategy of
developing technological niches. It will join the ADFORS business
within the High-Performance Materials Activity. The acquisition
allows Saint-Gobain to expand its range of high value-added
solutions by entering into the very high temperature thermal
insulation area and becoming a leader of the European market.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
+33 1 47 62
44 29
+33 1 47 62 +33 1 47 62 30
Vivien Dardel 35 98 10
Floriana Michalowska +33 1 47 62 Laurence Pernot +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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