- Compagnie de Saint-Gobain has finalised the acquisition of 100% of the equity capital of Wattex, a business owned by the founding family Baert and manufacturing non-woven speciality products for the bitumen roof market.

Wattex - founded in 1953 and located in the region of Antwerp in Belgium, - produces non-woven carriers made from glass-fibre reinforced polyester providing excellent performance to waterproofing membranes for roofs.

After taking over the German firm Kirson finalized in October, this Wattex acquisition will enable Saint-Gobain's Adfors business to develop new solutions with its customers and extend its line of reinforcement products on the roofing market.

At 9:19am: [LON:COD] Compagnie De StGobain share price was +0.6p at 47.5p

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