SGO Cie de SaintGobain

By Pietro Lombardi

Compagnie de Saint-Gobain SA (SGO.FR) has bought German insulation-products manufacturer Kaimann, the French company said Friday.

Financial details of the deal weren't disclosed.

The French building-materials producer said that with the deal it "further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation."

Kaimann had sales of 70 million euros ($80.5 million) in 2017 and employs 320 people, according to Saint-Gobain.

The acquisition is subject to the approval of antitrust authorities.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

October 05, 2018 02:58 ET (06:58 GMT)

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