Saint-Gobain Acquires a Majority Stake in Isoroc
November 24 2017 - 12:14PM
Dow Jones News
By Marc Bisbal Arias
Compagnie de Saint-Gobain S.A. (SGO.FR) said Friday that it
acquired 90% of the shares of Isoroc Polska SA and its
corresponding brand Isoroc in Europe, allowing it to consolidate
its position and expand in fast-growing markets.
Terms of the deal were not disclosed.
Isoroc Polska operates a stonewool plant with a capacity of
35,000 tons in Warsaw, Poland, the company said. A new line of
40,000 tons is planned to open in 2019, which will serve Germany
and the Nordics, as well as Poland and its neighboring countries,
it said.
The French manufacturing company said that the acquired company
joins its insulation unit and that it is fully-aligned with
Saint-Gobain's strategy.
The Isoroc business and brand in Russia has been owned by
Saint-Gobain since 2016, it said.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
November 24, 2017 12:59 ET (17:59 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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