Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Compagnie de Saint-Gobain M&A Activity 2017

Jul 25, 2017

1640_iss_2017-07-25_344cc30c-8ffe-42f2-8d5a-f0dd535a778a.pdf

M&A Activity

Open in viewer

Opens in your device viewer

PRESS RELEASE

July 25, 2017

SAINT-GOBAIN ACQUIRES TEKBOND, ADHESIVES SPECIALIST IN BRAZIL

Saint-Gobain has signed a share purchase agreement to acquire 100% of the equity capital of TekBond, the number two adhesives business in Brazil operating in the construction sector and on the automotive aftermarket.

TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes all over Brazil. Its offer is based on a detailed knowledge of the market and customers to adjust its product formulations to local specificities.

TekBond will join the High-Performance Materials Activity. This acquisition will enable Saint-Gobain in Brazil to create important synergies with the Abrasives, Mortars and Flat Glass business lines on the construction and industrial markets.

The deal is subject to the approval of the Brazilian antitrust authorities.

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.

€39.1 billion in sales in 2016 Operates in 67 countries More than 170,000 employees www.saint-gobain.com @saintgobain

Analyst/Investor relations Media relations
Vivien Dardel +33 1 47 62 44 29
Florent Nouveau +33 1 47 62 30 93 Susanne Trabitzsch +33 1 47 62 43 25
Floriana Michalowska +33 1 47 62 35 98