Saint-Gobain buys Norway's Optimera Gruppen building materials group

Saint-Gobain SA said its Scandinavian subsidiary, Saint-Gobain Nordic, has bought Optimera Gruppen AS of Norway, a distributor of building materials that has a commercial network of 95 brands in Norway and Sweden.

The acquisition is part of Saint-Gobain's expansion into Scandinavia, which began last year with the purchase of Sweden's Dahl International, a distributor of heating, plumbing and sanitary equipment.

Optimera sales rose 11.4 pct last year to 514 mln eur, Saint-Gobain said, and employs over 1,400 people. Financial terms of the deal were not disclosed.

600450 Saint-Gobain buys Norway's Optimera Gruppen building materials group glassonweb.com
Date: 5 July 2005
Source: Forbes.com

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