StockMarketWire.com - Compagnie de Saint-Gobain has acquired the entire share capital of Romanian company Pietta Glass Working, active in glass processing and insulating glazing systems for facade markets and certain industrial applications.

Pietta Glass sales should reach €20 million in 2016, with a strong potential for growth over the next few years. The Flat Glass business is already established in Romania with a float glass plant and a coater. This acquisition will allow the Group to expand the business' industrial footprint in order to better serve the growing facade markets and round out its positioning in industrial applications with an optimised cost base. The transaction is consistent with the Group's strategy of expanding its range of downstream products towards high value-added solutions.


At 9:01am: [LON:COD] Compagnie De StGobain share price was -0.15p at 40.6p



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