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Saint-Gobain Acquires The Third Largest Danish Builders' Merchant And Launches Exclusive Negotiations For The Purchase Of Estonia's Leading Builders' Merchant
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 Saint-Gobain's Building Distribution Sector announces the acquisition of
DLH's building materials distribution division and the launch of exclusive
negotiations for the purchase of the Estonian building materials
distributor Famar Desi.
- With estimated sales of DKK1.82 billion (EUR245 million) in 2007,
DLH's building materials distribution division is the third largest
builders' merchant in Denmark. The network has 19 outlets and a logistics
center and employs 550 people.
- With estimated sales of EEK1.9 billion in 2007 (EUR122 million),
Famar Desi is Estonia's leading builders' merchant. Its network encompasses
16 outlets, including two in Latvia, thereby establishing Saint-Gobain's
Building Distribution Sector for the first time in that country. Famar Desi
has 700 employees.
Following the 2004 acquisition of the DAHL group, Scandinavia's leading
plumbing and heating distributor, and the 2005 acquisition of the Optimera
group, a builders' merchant in Norway and Sweden, Saint-Gobain's Building
Distribution Sector continues its development strategy in the Nordic
countries, building solid bases for expansion in Denmark and the Baltic
countries.
With these acquisitions, full-year sales for the Building Distribution
Sector in the Nordic countries are expected to reach EUR3.3 billion, an
average annual increase of 24% since the acquisition of DAHL. The
acquisitions should bring the Building Distribution Sector's network to 78
outlets in Denmark and 19 in Estonia.
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December 25th, 2007
Photo: Saint Gobain
Source: Saint Gobain |
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