- Compagnie de Saint-Gobain has acquired Brazilian company SG Plasticos, a leading player in speciality extruded tubing.

The company provides differentiated and customised solutions related to fluid transfers on demanding applications to a wide variety of markets, including industrial, life sciences and automotive.

Saint-Gobain says the acquisition is in line with the group's strategy to increase its share of industrial assets in high-performance materials in the US or in emerging countries. It will give Saint-Gobain Performance Plastics a leading position in the Brazil's high value-added tubing market, adding local manufacturing capabilities to strengthen its presence in the region with a broader portfolio of applications.

At 9:05am: [LON:COD] Compagnie De Stgobain share price was +0.06p at 38.8p

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