StockMarketWire.com - Weber Quartzolit, part of Saint-Gobain Mortars, has strengthened its presence in Brazil with the acquisition of Industrial Potengy, a company specialising in tile adhesives with the Fortcola brand and based in the state of Rio Grande do Norte in the north-east of the country.

Weber Quartzolit is a leading player on the Brazilian tile adhesives market but without a significant presence in this state to date. Weber Quartzolit will benefit from Industrial Potengy's local industrial and commercial infrastructure in pursuing its development going forward.

Compagnie de Saint-Gobain said the transaction is in line with the group's strategy to increase the share of its industrial assets located in the US and emerging countries.


At 8:31am: [LON:COD] Compagnie De Stgobain share price was -0.41p at 38.27p



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