M&A Activity • Oct 27, 2014
M&A Activity
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October 27, 2014
Saint-Gobain has just finalized the acquisition of Turkey-based Atlas Zimpara, a long-standing partner of Saint-Gobain Abrasives. Headquartered in Istanbul, Atlas Zimpara has a coated abrasives processing plant in Gebze, an industrial area close to Istanbul. The company offers a broad spectrum of products for the industrial supplies, automotive repair and building markets in Turkey.
This investment strengthens Saint-Gobain's presence in Turkey. The Group recently began operating a new organic grinding wheel plant at Eskişehir, 300km south-east of Istanbul. This plant is a leading site in terms of equipment and serves the Turkish market as well as the Middle East and Central Asia.
This development in Turkey enables the Abrasives business to effectively serve customers from a local industrial base and marks an important stage in the Group's development in fast-growing countries.
Saint-Gobain, the world leader in the habitat and construction markets, designs manufactures and distributes building and high-performance materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com or download the new "Saint-Gobain Shareholder" application for tablets and smartphones.
With approximately 10,900 employees, Saint-Gobain's Abrasives Activity has a powerful manufacturing network of 64 plants in 28 countries. Its portfolio of products (coated, bonded, super-abrasives, organic grinding wheels, construction products) offers comprehensive solutions for every step of the grinding process. For more information, visit www.saint-gobain-abrasives.com.
| Analyst/Investor Relations | Press Relations | ||
|---|---|---|---|
| Gaetano Terrasini Vivien Dardel Marine Huet |
+33 1 47 62 32 52 +33 1 47 62 44 29 +33 1 47 62 30 93 |
Sophie Chevallon Susanne Trabitzsch |
+33 1 47 62 30 48 +33 1 47 62 43 25 |
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