Compagnie de Saint-Gobain Acquisition in Southern Brazil
02 Mars 2017 - 6:52PM
Dow Jones News
TIDMCOD
RNS Number : 4063Y
Compagnie de Saint-Gobain
02 March 2017
PRESS RELEASE
March 2, 2017
Saint-Gobain finaliZES acquisition OF A BUILDING MATERIALS
DISTRIBUTION NETWORK IN SOUTHERN BRAZIL
Saint-Gobain is boosting its presence in Brazil with the
acquisition of the network of Tumelero Materiais de Construção
sales outlets in the country's southernmost state, Rio Grande do
Sul.
Created in 1967 in Porto Alegre, this distribution company has a
large portfolio of building materials and services for construction
industry professionals and end-users. Operating under the Tumelero
brand, it has 29 sales outlets in Rio Grande do Sul state and
almost 1,000 employees. In 2016, it generated sales of over EUR80
million.
This acquisition is in line with Saint-Gobain's long-term
development strategy for its distribution activity in Brazil. It
will enable the Group to have the largest network of distribution
sales outlets for home improvement products and services in Brazil
with a total of 70 outlets operating under the Telhanorte,
Telhanorte Conceito, Pro Telhanorte and Tumelero brands in 46
cities in São Paulo, Minas Gerais, Paraná and Rio Grande do Sul
states.
The transaction has been approved by the Brazilian competition
regulator CADE.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR39.1 billion in sales in 2016
Operates in 67 countries
More than 170,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
------------------------------------ ---------------------------------
+33 1 47
62 44 29
+33 1 47 +33 1 47
Vivien DARDEL 62 30 93 62 30 10
Florent NOUVEAU +33 1 47 Charles HUFNAGEL +33 1 47
Floriana MICHALOWSKA 62 35 98 Susanne TRABITZSCH 62 43 25
----------------------- ----------- -------------------- -----------
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQEAXDAEAEXEFF
(END) Dow Jones Newswires
March 02, 2017 12:37 ET (17:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Cie de SaintGobain (EU:SGO)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Cie de SaintGobain (EU:SGO)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024