Acquisition

RNS Number : 9619Y

Compagnie de Saint-Gobain

07 January 2020

 

 PRESS RELEASE

January 7, 2020

SAINT-GOBAIN adds to its high performance solutions portfolio
by acquiring HTMS in HIGH-TEMPERATURE resistant Seals

Saint-Gobain has acquired High Tech Metal Seals (HTMS), a designer and manufacturer of engineered metal seals for the industrial, energy and aerospace markets. It completes the Group's product range in offering tailor-made solutions in the sealing industry, after the acquisition of American Seal and Engineering Co., a leader in technical sealing solutions also used in the energy and aerospace industries as well as in transportation, at the start of 2019.

HTMS has developed a unique and differentiated niche positioning by providing very advanced metal sealing solutions for use under extreme temperature and pressure conditions. Created in 1999, HTMS employs about 50 people at one site in Belgium.

This acquisition is in line with the Group's strategy of developing technological niches. It will join the Mobility business, extending further the seals product range offering and solutions for critical applications. It will accelerate Saint-Gobain's growth, in particular in aerospace, and the business will benefit from our global sales platform, notably in Asia.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

€41.8 billion in sales in 2018
Operations in 68 countries
More than 180,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain

Analyst/Investor relations		Press relations
Vivien Dardel Floriana Michalowska Christelle Gannage	[phone]   [phone]   [phone]	Laurence Pernot Patricia Marie Susanne Trabitzsch	[phone]   [phone]   [phone]

 

 

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