By Nathan Allen

Compagnie de Saint-Gobain SA (SGO.FR) said Friday that it has acquired the pharmaceutical business of Ireland-based Micro Hydraulics for an undisclosed amount.

Micro Hydraulics manufactures single-use, fluid-handling components in Dublin and Cork, and employs around 50 people, according to the company's website.

Saint-Gobain said the acquisition will strengthen its high-performance materials unit and forms part of its broader strategy to break into fast-growing markets.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

April 13, 2018 02:46 ET (06:46 GMT)

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