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 Galvano Groothandel BV (the Netherlands), Schulte Tiefbau (Germany) and four companies belonging to the Norman group (Channel Isles). - Galvano Groothandel BV is a major plumbing-heating wholesaler in the Netherlands.

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.

600450 Saint-Gobain’s Building Distribution Sector Expands In The Netherlands, Germany And The Uk, Adding Close To €200m In Sales On A Yearly Basis glassonweb.com
Date: 14 February 2007
Source: Saint Gobain

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