SGO Cie de SaintGobain

By Pierre Bertrand

Compagnie de Saint-Gobain said that it has acquired two companies active in the non-residential flooring market.

The French building-materials company said it acquired French manufacturer of resin-based flooring solutions R.SOL and Technical Finishes from South Africa.

Both companies generated a combined turnover of around 20 million euros ($21.8 million) in 2023, and will add to Saint-Gobain's construction chemicals offerings, it said.

Technical Finishes is a leading South African player in resin flooring solutions, Saint-Gobain said.

The company added that the acquisition of R.SOL is expected by the end of the first half of 2024.

Saint-Gobain didn't disclose financial details.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

January 18, 2024 12:43 ET (17:43 GMT)

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