Saint-Gobain’s Industrial Mortars Division Steps Up the Pace of International Growth Indonesia, Brazil, Turkey, Italy
Industrial Mortars Division has carried out four international acquisitions
since the beginning of the year, together representing some
annual revenues.
– Acquisition of a majority interest in the capital of PT. Cipta Mortar
Utama in
The Industrial Mortars subsidiary Saint-Gobain Weber has signed an
agreement for the acquisition of a 51% interest in the capital of
once the administrative formalities have been completed.
PT. Cipta Mortar Utama is
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
industrial mortars.
In 2010, the company reported consolidated revenues of
(approximately
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
In
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
Up to now, Anchortec sold its products mainly to installers in the
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
Two other companies have also been acquired this year, Promix in
and Edicace in
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
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
