Saint-Gobain reinforces its positioning in insulation
Saint-Gobain has signed an agreement to acquire 100% of the equity capital of Kaimann, one of Europe’s leading manufacturers of elastomeric insulation products.
With this acquisition, the 18th this year, Saint-Gobain further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation (air-conditioning, refrigeration, heating). This operation allows the Group to reinforce its positioning in a market where it is leader and to complement its portfolio of materials and technologies.
Founded in 1959, Kaimann employs 320 people and achieved sales of €70m in 2017.
The transaction is subject to the approval of Antitrust authorities.
Source : https://www.isover.com/news/saint-gobain-reinforces-its-positioning-insulation