Acquisition

SIG PLC
3 September 2001

3 September 2001



      SIG acquires UK and Eire building materials distributor for £26.7M



SIG plc, Europe's largest specialist distributor of insulation, ceilings and
partitioning and roofing products, today announces that it has acquired Capco
Holdings Ltd (Capco) for a cash consideration of £26.7m.

Like SIG, Capco is a specialist distributor of ceilings and partitioning,
insulation and roofing products. It operates from 19 branches in the UK and
Eire and in the year to 31 March 2001 it recorded sales of £60m and operating
profits of £3.4m. Net assets acquired amount to £4.9m.

Bill Forrester Chief Executive of SIG commented: 'Capco is a perfect fit for
SIG. It consolidates our position in our principal product areas, with little
geographical overlap, and provides us with a market leading position in Eire.
There is also scope to improve Capco's margins and we expect it to be earnings
enhancing in the first year.'

(ENDS)



Notes to Editors:

SIG is a leading international supplier to the construction and industrial
markets, specialising in insulation, roofing and ceilings and partitioning
products.

The group operates in the UK, Ireland, France, Germany, Holland and the USA
and has over 300 separate trading sites. In the year to 31 December 2000 SIG
reported pre-tax profits of £48.2 million on sales of £932 million, both
substantial increases on the prior year.

Enquiries:
Bill Forrester, Chief Executive                  SIG plc     0114 285 6300
David Williams, Deputy Chief Executive

Faeth Finnemore/ Gordon Simpson                  Finsbury    020 7251 3801