Saint-Gobain: acquires 100% of Kaimann's capital
(CercleFinance.com) - Saint-Gobain has announced the acquisition of 100% of Kaimann's capital, one of Europe's leading manufacturers of elastomeric insulation products.
"With this acquisition, the 18th this year, Saint-Gobain further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation (airconditioning,
refrigeration, heating)," the company said.
"This operation allows the Group to reinforce its positioning in
a market where it is leader and to complement its portfolio of materials and technologies," management added.
Created in 1959, Kaimann's FY 2017 sales reached 70 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"With this acquisition, the 18th this year, Saint-Gobain further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation (airconditioning,
refrigeration, heating)," the company said.
"This operation allows the Group to reinforce its positioning in
a market where it is leader and to complement its portfolio of materials and technologies," management added.
Created in 1959, Kaimann's FY 2017 sales reached 70 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.