Compagnie de Saint-Gobain
13 February 2007
press
release
12 February 2007
Saint-Gobain's Building Distribution Sector expands
in the Netherlands, Germany and the UK,
adding close to €200m in sales on a yearly basis
Saint-Gobain's Building Distribution Sector announces the acquisition of Galvano
Groothandel BV (the Netherlands), Schulte Tiefbau (Germany) and four companies
belonging to the Norman group (Channel Isles)
- Galvano Groothandel BV is a major plumbing-heating wholesaler in the
Netherlands. With estimated sales of €84M in 2006, the company has 177
employees. Through this acquisition, Saint-Gobain Building Distribution
establishes a foothold on the Dutch distribution market for plumbing-heating
products and strengthens its European Division dedicated to this market.
- Germany's specialist civil engineering distributor, Schulte Tiefbau operates
13 branches specializing in water supply. With sales of €62M in 2006, the
company employs 150 people. By strengthening its Civil Engineering activity in
Germany, Saint-Gobain Building Distribution continues to develop this specialist
sector in Europe. The completion of the acquisition is subject to the clearance
from the relevant competition authorities.
- The four companies in the Norman group, the Channel Islands' leading builder's
merchant, employ 276 people in 4 branches (3 in Jersey, 1 in Guernsey). In 2006,
these companies together totaled an estimated turnover of €51.5M. This
acquisition enables Saint-Gobain Building Distribution to establish a foothold
in the Channel Islands.
Those acquisitions, adding close to €200m in sales on a yearly basis, illustrate
the strategy of Saint-Gobain's Building Distribution Sector to growth by bolt-on
acquisitions.
In 2006, Saint-Gobain's Building Distribution Sector showed an estimated
turnover of 17.5 billion Euros. Its 67000 employees work in a network of over 3
700 sales outlets in 24 countries. It is currently Europe's leading distributor
of building materials and the world's number one tiles distributor. Its main
brands are Point.P, Jewson, Raab Karcher, Dahl, Lapeyre la maison... and La
Plateforme du Batiment.
Investor Relations Department
Mrs Florence TRIOU-TEIXEIRA Tel.: +33 1 47 62 45 19
Mr Alexandre ETUY Tel.: +33 1 47 62 37 15
Fax.: +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.