With estimated sales of €84M in 2006, the company has 177 employees. Through this acquisition, Saint-Gobain Building Distribution establishes a foothold on the Dutch distribution market for plumbing-heating products and strengthens its European Division dedicated to this market.
- Germany’s specialist civil engineering distributor, Schulte Tiefbau operates 13 branches specializing in water supply. With sales of €62M in 2006, the company employs 150 people. By strengthening its Civil Engineering activity in Germany, Saint-Gobain Building Distribution continues to develop this specialist sector in Europe. The completion of the acquisition is subject to the clearance from the relevant competition authorities.
- The four companies in the Norman group, the Channel Islands’ leading builder’s merchant, employ 276 people in 4 branches (3 in Jersey, 1 in Guernsey). In 2006, these companies together totaled an estimated turnover of €51.5M. This acquisition enables Saint-Gobain Building Distribution to establish a foothold in the Channel Islands.
Those acquisitions, adding close to €200m in sales on a yearly basis, illustrate the strategy of Saint-Gobain’s Building Distribution Sector to growth by bolt-on acquisitions.