Saint-Gobain's Building Distribution Sector Expands in the Netherlands, Germany and the UK, Adding Close to EUR 200m in Sales on a Yearly Basis
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COURBEVOIE, France, February 13 - 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)
o Galvano Groothandel BV is a major plumbing-heating wholesaler in the Netherlands. With estimated sales of EUR84M 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.
o Germany's specialist civil engineering distributor, Schulte Tiefbau operates 13 branches specializing in water supply. With sales of EUR62M 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.
o 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 EUR51.5M. This acquisition enables Saint-Gobain Building Distribution to establish a foothold in the Channel Islands.
Those acquisitions, adding close to EUR200m in sales on a yearly basis, illustrate the strategy of Saint-Gobain's Building Distribution Sector to growth by bolt-on acquisitions.
In 2006, Saint-Gobain's Building Distribution Sector showed an estimated turnover of 17.5 billion Euros. Its 67000 employees work in a network of over
3 700 sales outlets in 24 countries. It is currently Europe's leading distributor of building materials and the world's number one tiles distributor. Its main brands are Point.P, Jewson, Raab Karcher, Dahl, Lapeyre la maison and La Plateforme du Batiment.
Source: Saint-Gobain
Investor Relations Department
Mrs Florence Triou-Teixeira,
Tel.: +33-1-47-62-45-19
Mr Alexandre Etuy,
Tel.: +33-1-47-62-37-15,
Fax.: +33-1-47-62-50-62
