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Last updated on May 26, 2012 at 17:19 EDT

Saint-Gobain’s Industrial Mortars Division Steps Up the Pace of International Growth Indonesia, Brazil, Turkey, Italy

May 16, 2011
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PARIS, May 16, 2011 /PRNewswire-FirstCall/ — The Saint-Gobain Group’s
Industrial Mortars Division has carried out four international acquisitions
since the beginning of the year, together representing some EUR60 million in
annual revenues.

– Acquisition of a majority interest in the capital of PT. Cipta Mortar
Utama in Indonesia

The Industrial Mortars subsidiary Saint-Gobain Weber has signed an
agreement for the acquisition of a 51% interest in the capital of
Indonesia-based PT. Cipta Mortar Utama. The deal should be closed in June,
once the administrative formalities have been completed.

PT. Cipta Mortar Utama is Indonesia’s leading industrial mortars company,
with a product range that includes tile adhesives and grouting, masonry
mortar, wall and floor rendering and technical mortars. Through its
subsidiary, PT. Prima Rezeki Pertiwi, it also manufactures and sells
lightweight blocks which in Indonesia represent a downstream activity from
industrial mortars.

In 2010, the company reported consolidated revenues of IDR 330 billion
(approximately EUR28 million), with some 210 employees.

The acquisition gives the Construction Products Sector, through its
Industrial Mortars Division, a solid foothold in a country with a
fast-growing economy and a very promising future.

– Acquisition of Anchortec in Brazil

In Brazil, in early April Saint-Gobain Weber acquired the entire capital
of Anchortec, a company that enjoys strong synergies with Weber Quartzolit,
which is the leading industrial mortars company with 19 plants and over 1,300
employees spread throughout the country.

Anchortec is a major player in the market for additives used by the
construction industry and one of the leading companies in the floor coating
market, with average revenue growth of 15% per year. The company has 140
employees and operates a plant in Mogi das Cruzes, in the Sao Paulo region.
Up to now, Anchortec sold its products mainly to installers in the Brazil’s
southern states. It will now have access to Weber’s entire national
distribution network, allowing the Industrial Mortars Division to consolidate
its position in the Brazilian market. Anchortec’s 2010 revenues amounted to
EUR20 million.

Two other companies have also been acquired this year, Promix in Turkey
and Edicace in Italy, contributing additional revenues of some EUR10 million.

With these four transactions, the Saint-Gobain Group – through the
Industrial Mortars Division – is continuing to expand in emerging markets and
consolidating its presence in Europe.

    Analyst/Investor Relations
    Florence Triou-Teixera +33-1-47-62-45-19
    Etienne Humbert +33-1-47-62-30-49
    Vivien Dardel +33-1-47-62-44-29

    Press Contact
    Sophie Chevallon +33-1-47-62-30-48

SOURCE Saint-Gobain


Source: newswire