Saint-Gobain Buys Germany's Kaimann
October 05 2018 - 2:13AM
Dow Jones News
By Pietro Lombardi
Compagnie de Saint-Gobain SA (SGO.FR) has bought German
insulation-products manufacturer Kaimann, the French company said
Friday.
Financial details of the deal weren't disclosed.
The French building-materials producer said that with the deal
it "further enhances its range of insulating solutions, reinforcing
its presence on the fast-growing segment of technical
insulation."
Kaimann had sales of 70 million euros ($80.5 million) in 2017
and employs 320 people, according to Saint-Gobain.
The acquisition is subject to the approval of antitrust
authorities.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 05, 2018 02:58 ET (06:58 GMT)
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