13th Feb 2007 08:00
Compagnie de Saint-Gobain13 February 2007 press release 12 February 2007 Saint-Gobain's Building Distribution Sector expands in the Netherlands, Germany and the UK, adding close to €200m in sales on a yearly basis Saint-Gobain's Building Distribution Sector announces the acquisition of GalvanoGroothandel BV (the Netherlands), Schulte Tiefbau (Germany) and four companiesbelonging to the Norman group (Channel Isles) - Galvano Groothandel BV is a major plumbing-heating wholesaler in theNetherlands. With estimated sales of €84M in 2006, the company has 177employees. Through this acquisition, Saint-Gobain Building Distributionestablishes a foothold on the Dutch distribution market for plumbing-heatingproducts and strengthens its European Division dedicated to this market. - Germany's specialist civil engineering distributor, Schulte Tiefbau operates13 branches specializing in water supply. With sales of €62M in 2006, thecompany employs 150 people. By strengthening its Civil Engineering activity inGermany, Saint-Gobain Building Distribution continues to develop this specialistsector in Europe. The completion of the acquisition is subject to the clearancefrom the relevant competition authorities. - The four companies in the Norman group, the Channel Islands' leading builder'smerchant, employ 276 people in 4 branches (3 in Jersey, 1 in Guernsey). In 2006,these companies together totaled an estimated turnover of €51.5M. Thisacquisition enables Saint-Gobain Building Distribution to establish a footholdin the Channel Islands. Those acquisitions, adding close to €200m in sales on a yearly basis, illustratethe strategy of Saint-Gobain's Building Distribution Sector to growth by bolt-onacquisitions. In 2006, Saint-Gobain's Building Distribution Sector showed an estimatedturnover of 17.5 billion Euros. Its 67000 employees work in a network of over 3700 sales outlets in 24 countries. It is currently Europe's leading distributorof building materials and the world's number one tiles distributor. Its mainbrands are Point.P, Jewson, Raab Karcher, Dahl, Lapeyre la maison... and LaPlateforme du Batiment. Investor Relations Department Mrs Florence TRIOU-TEIXEIRA Tel.: +33 1 47 62 45 19Mr 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 ExchangeRelated Shares:
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