Saint-Gobain Buys British Insulation-Solutions Company
May 28 2019 - 11:49AM
Dow Jones News
By Cristina Roca
Compagnie de Saint-Gobain SA (SGO.FR) said Tuesday that it has
bought acoustic-and-thermal insulation solutions provider Pritex
Ltd.
The French manufacturer said the acquisition will allow the
mobility unit of its high-performance solutions division to expand
beyond glazing for autos and into solutions for comfort, safety and
energy saving in mobility.
"With the development of electric vehicles, the need for
differentiated noise control and lightweight solutions is gaining
momentum," Saint-Gobain said.
U.K.-based Pritex provides insulation solutions made from
polymer-based composite materials meant for the mobility market,
and had sales of close to 20 million euros ($22.4 million) in 2018,
Saint-Gobain said. Further financial details weren't disclosed.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
May 28, 2019 12:34 ET (16:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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