Compagnie de Saint-Gobain
11 April 2007
press release
April 11, 2007
Saint-Gobain Building Distribution Sector continues to expand
with 3 acquisitions in Italy, Spain and Germany
Saint-Gobain's Building Distribution Sector has just announced the acquisition
of Vemac (Italy), Discesur (Spain) and Schafer (Germany).
- On a highly fragmented Italian market, Vemac is one of the country's
largest builders' merchants and a regional leader in Abruzzo. The business has
10 branches, employs 187 people and recorded net sales of €66 million in 2006.
Following the opening of a second La Plateforme du B(R)xxtiment store at the
beginning of 2007 in Milan, Saint-Gobain Building Distribution reinforces its
presence on the Italian market and now has a solid base on which to develop its
generalist distribution business.
- Discesur is the number 2 distributor of tiles in Spain. With a large
showroom (4,000 m2) in Madrid, the business recorded net sales of over €55
million in 2006 and employs 101 people. Through this acquisition, Saint-Gobain
Building Distribution has bolstered its tiles business in Spain and at the same
time confirmed its position as European leader on this market.
- Schafer, a business specialized in distributing roofing products in
Germany, operates 14 branches and employs 130 people. Its net sales reached €50
million in 2006. The geographical location of this acquisition will enable
Saint-Gobain Building Distribution to extend its specialized 'roofing' network
across the whole of Germany.
With these deals, the total number of acquisitions finalized by the Saint-Gobain
Group in Building Distribution since the beginning of the year stands at 20,
corresponding to full-year net sales of about €440 million.
In 2006, Saint-Gobain's Building Distribution Sector posted net sales of €17.6
billion. Its 67,000 employees operate 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
Florence TRIOU-TEIXEIRA Tel.: +33 1 47 62 45 19
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.