M&A Activity • Jun 30, 2017
M&A Activity
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June 30, 2017
Saint-Gobain, through its North American subsidiary CertainTeed Corporation, is acquiring the assets of SimTek Fence, Inc. Founded in 2007, SimTek is an industry innovator of fence products that complement the Siding portfolio within Saint-Gobain's Exterior Products.
SimTek's product line includes its Ecostone simulated-stone fence system and the Ashland Collection of wood grain fence panels. This acquisition brings together two highly talented teams, CertainTeed and SimTek, that will expand the knowledge base, energize product development efforts and continue building CertainTeed as an innovative North American brand in exterior solutions.
This acquisition is in line with Saint-Gobain's strategy to consolidate its leadership positions and to develop innovative niches.
The acquisition includes a single manufacturing location in the USA (Utah), a distribution center (Pennsylvania) and a total of 75 employees.
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 |
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