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M&A Activity • Mar 28, 2008

News Details

Corporate | 28 March 2008 11:44

Saint-Gobain’s Packaging Sector continues its Growth in Russia

Saint-Gobain Oberland AG / Acquisition/Contract

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Saint-Gobain Oberland AG, a German company of Saint-Gobain’s Packaging
Sector, has signed an agreement to purchase a majority stake in ZAO
Kamyshinsky Steklotarny Zawod located in Kamyshin, Russia. Finalization of
this transaction is subject to approval from the Russian authorities.

Located in the Volgograd region, this glassworks mainly produces jars as
well as clear glass bottles for the food and beverage industries. In 2007,
this facility, with more than 1,000 employees and sales of 42 million
euros, manufactured 500 million glass containers.

The acquisition of this company, the leading jar manufacturer in Russia,
completes the product range offered by Saint-Gobain Kavminsteklo, the
leader in Southern Russia, and which is currently undertaking a major
investment program in this zone.

This operation is in line with the Packaging Sector’s growth strategy in
Russia.

With more than 15,000 employees worldwide, Saint-Gobain’s Packaging Sector
is a leading global player specializing in glass packaging for the food and
beverage industries. World leader and reference partner for its customers
in the wines and spirits and jar markets, Saint-Gobain Packaging has strong
positions in Western Europe, the United States, Latin America, and Eastern
Europe. In 2007, the Packaging Sector’s sales amounted to 3.4 billion
euros, of which ten percent in bottles and jars in emerging countries.

Cornelia Banzhaf
Public Relations
Oberlandstraße
88410 Bad Wurzach
Tel.: 07564 – 18 255
e-Mail: cornelia.banzhaf@saint-gobain.com

28.03.2008 Financial News transmitted by DGAP

Language: English
Issuer: Saint-Gobain Oberland AG
Oberlandstraße
88410 Bad Wurzach
Deutschland
Phone: 07564-18 255
Fax: 07564-18 461
E-mail: cornelia.banzhaf@saint-gobain.com
Internet: www.saint-gobain.com
ISIN: DE0006851603
WKN: 685160
Listed: Regulierter Markt in Frankfurt (General Standard), München,
Stuttgart; Freiverkehr in Berlin

End of News DGAP News-Service

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