Saint-Gobain Isover Spreads To Colombia And Venezuela

Saint-Gobain Isover (Construction Products sector of Saint-Gobain) announces the acquisition of FiberGlass Colombia and its Venezuelan subsidiary, Fivenglass, in conjunction with El Volcan – Isover licensee in Chile and partner of the Gypsum Activity in South America.

Saint-Gobain Isover is the majority shareholder of the joint-venture.

Fiberglass Colombia, whose sales amounted to 56 billion Colombian pesos (around €20m) in 2007, has been manufacturing glass wool for the building and industrial markets as well as waterproofing membranes in Colombia since the early 1960’s. It also resells plaster and plasterboard products in Venezuela. It employs 255 employees divided between 2 industrial units and produces 10,000 tons of glass wool. A sales outlet is currently operating in Venezuela.

Colombia benefits from the high growth of the building market, and particularly of the insulation market, thanks to a growing demand for thermal and acoustic insulation (particularly for the insulation of air-conditioned premises). This acquisition will enable Saint-Gobain Isover, which is already established in Brazil and Argentina, to enter growing Latin American markets on which it is not present yet.

The completion of this transaction is subject to the agreement of the Colombian competition authorities.

600450 Saint-Gobain Isover Spreads To Colombia And Venezuela

See more news about:

Others also read

Works Well Underway at University of Central Lancashire
Works are well underway at University of Central Lancashire’s new Engineering Innovation Centre, in Preston. The glazing works were awarded to Dortech by main contractors BAM Construction and this fantastic new addition to the University was designed by architects Simpson Haugh & Reiach and Hall.
CoBe Capital affiliate acquires Glassolutions' Installation Business from Compagnie de Saint-Gobain
CoBe Capital, a global private investment firm, announced today that an affiliate has completed the acquisition of Glassolutions’ Installation business from Compagnie de Saint-Gobain S.A. (EPA: SGO). The business has relaunched as Facades & Glazing Solutions UK Ltd (FGS).
Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.

Add new comment