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Saint-Gobain: announces acquisition in Brazil

(CercleFinance.com) - On Tuesday evening, Saint-Gobain announced the acquisition of Sonex in Brazil, a company that manufactures and supplies acoustic ceilings.

"This acquisition completes the Group's existing offer in Brazil in ceilings. It is in line with the Group's strategy to reinforce its presence in emerging countries. It allows Saint-Gobain to accelerate its development in Brazil, where it has been present since 1937, in a high-potential construction market," the group said.

The terms of the deal were not disclosed.

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