StockMarketWire.com - Saint-Gobain said it had completed the acquisition of the mortars division of the Celima in Peru.

The mortars division acquired operated three plants in Lima, Arequipa and Trujillo. In 2018, it generated approximately €25m in sales and had around 100 employees, the company said.

This acquisition was in line with the company's strategy of deepening its footprint in emerging countries, and allowed Saint-Gobain to accelerate its development and expand its offering in Peru in a fast-growing construction market.

The group was already a major player on the country's glass and plasterboard markets.

At 8:50am: [LON:COD] Compagnie De StGobain share price was -0.4p at 37.48p



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