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

See more news about:

Others also read

Tecnoglass to Purchase Minority Stake in Saint-Gobain’s Existing Colombia-Based Float Glass Operation.
The 462 Meter Tall Lakhta Tower is St. Petersburg’s Newest Landmark.
A bright future is ahead for glass, thanks to a serious focus on innovation, the environment, and sustainability, the industry’s annual prestige awards ceremony at the Millennium Gallery in Sheffield heard. (Thurs 22 November).
Let’s re-live the event highlights together.
Saint-Gobain has approved the most important operation planned in Europe, which will be carried out over the next two years.
The façade of the RAL building in Bonn unmistakeably showcases the identity of the client and user of the building.

Add new comment