Saint-Gobain Buys German Insulation Maker HKO
August 01 2018 - 1:48AM
Dow Jones News
By Nathan Allen
Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has
bought German thermal-insulation and fire-protection specialist
HKO.
HKO posted sales of 39 million euros ($45.7 million) in 2017 and
employs 225 people across its two plants in Germany and sales
operations in France, the U.S. and China.
It manufactures glass-fiber insulating products that can
withstand temperatures of up to 1,000 degrees Celsius, according to
Saint-Gobain.
"This acquisition is in line with the Group's strategy of
developing technological niches," Saint-Gobain said.
Neither company disclosed a sale price.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
August 01, 2018 02:33 ET (06:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Cie de SaintGobain (EU:SGO)
Historical Stock Chart
From Nov 2024 to Dec 2024
Cie de SaintGobain (EU:SGO)
Historical Stock Chart
From Dec 2023 to Dec 2024
