COMPAGNIE DE SAINT-GOBAIN
25 August 1999
Acquisition of Korund by the Abrasives Division
of Saint-Gobain Group
The Abrasives Division of Saint-Gobain has signed on August the 24th, an
agreement to purchase 51% of the capital of KORUND S.A. Completion of the sale
is subject to obtaining the necessary regulatory approvals from Polish
authorities. KORUND S.A., based in Kolo is the leading producer of abrasives in
Poland. In 1998, its had annual sales of 95 million PLN (24 million Euros).
Tel: Florence TRIOU 01 47 62 45 19
Tel: Lounis BEKKAT 01 47 62 32 36
Fax: 01 47 62 50 62
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