Saint-Gobain Buys Belgian Materials Company
04 Décembre 2017 - 8:59AM
Dow Jones News
By Nathan Allen
France's Compagnie de Saint-Gobain SA (SGO.FR) said on Monday
that it has finalized the acquisition of Belgian roof-reinforcement
specialist Wattex.
Neither company disclosed financial details of the
transaction.
Wattex was founded in Antwerp in 1953 and produces
fiberglass-reinforced materials for various applications, including
waterproofing roofs.
Saint-Gobain said the acquisition will allow its technical
textile business unit, known as Adfors, to expand its line of
roofing reinforcement products.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 04, 2017 02:44 ET (07:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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