Saint-Gobain Buys U.K. Acoustic Insulation Company Pritex
May 29 2019 - 12:57AM
Dow Jones News
By Max Bernhard
Compagnie de Saint-Gobain SA (SGO.FR) said late Tuesday that it
has bought U.K. acoustic-insulation company Pritex.
"With the development of electric vehicles, the need for
differentiated noise control and lightweight solutions is gaining
momentum," Saint Gobain said, adding that the acquisition will
allow it to extend its offer for acoustic and thermal solutions in
the automotive market.
Pritex employs 240 people and had sales of 20 million euros
($22.4 million) in 2018, it said.
Saint-Gobain didn't disclose the financial details of the
deal.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 29, 2019 01:42 ET (05:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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