Compagnie St-Gobain - Acquisition
January 11 1999 - 12:31PM
UK Regulatory
RNS No 9859v
COMPAGNIE DE SAINT-GOBAIN
11th January 1999
LAPEYRE GROUP IN POLAND
LAPEYRE, a 75%-owned subsidiary of the SAINT-GOBAIN Group, has acquired a
controlling interest in ERG-OKFENS, a Polish group including the following
companies:
- ERG, Poland's leading producer of PVC window profiles, which operates a
production plant near Katowice.
- OKFENS, Poland's largest producer of PVC windows, which has two plants, one
near Katowice and the other one near Warsaw.
ERG-OKFENS had estimated 1998 sales of around FRF 230 million (euros 35
million) and a high profitability, which should have an immediately positive
impact on LAPEYRE's consolidated earnings in 1999. It employs 580 people.
The acquisition represents the first stage in LAPEYRE's expansion in Poland, a
country where the renovation and new building markets both offer strong growth
potential. The combination of LAPEYRE's and ERG-OKFENS's expertise will enable
the LAPEYRE Group to become a leading player in these markets.
Lapeyre - Investor Relations
Patrick MALLET - Jean-FRANCOIS CORBINEAU
Tel + 33(0)1 48 11 74 14
Fax + 33(0)1 43 52 64 46
END
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