The p-a-share takeover offer has been recommended by the BPB board after Mr Cousins had previously led an uncompromising defence of the firm's independence. His stance helped drive up the offer price. The European competition authorities have already said they will not stand in the way of a tie-up. The French group was rebuffed at p a share in mid-July and then again at p in August, before winning acceptance for the final p offer.
That made it an attractive prospect for us. You must invest resources.
Ineverything changed. That's when Saint-Gobain bought France's largest building products distributor, Poliet. It followed that up with purchases of several other building products distributors during the past decade.
Those deals, which have filled out its distribution network throughout Europe, include Point. With 4, sales outlets in 24 countries, Saint-Gobain now is the No. The company is turning its focus to the United States.
There has been wide speculation throughout the year that Saint-Gobain was looking to enter the U. S distribution market, and the firm was linked to other potential high-profile acquisitions like Home Depot's HD Supply wholesale distribution business, which was sold to a group of private equity firms earlier this year.
Many of the large building products supply houses are among CertainTeed's largest customers, so there is potential for this deal to alienate a portion of their customers, Pruett said. Furthermore, competing vinyl siding manufacturers like Kansas City, Mo.
Several competing vinyl siding makers could not be reached for comment. CertainTeed shut down its vinyl siding extrusion operations in McPherson, Kan. Cawkwell said CertainTeed will manage and operate the three OC siding plants.
It is too early in the process to say what, if any, operational changes will transpire as a result of the acquisition.
CertainTeed's three remaining vinyl siding plants are in Jackson, Mich. The company is still injection molding polymer shingle siding and has ramped up pipe production efforts at its McPherson manufacturing site.
The company has shown an interest in fiber cement - the No. While Saint-Gobain's move into the U. Still, Pruett said, Saint-Gobain's recent history shows it knows how to grow successfully via acquisition and geographic market expansion.Saint-Gobain is represented in Germany for the first time through the joint operation of a plate glass works in Mannheim.
The group acquires Aachener Spiegelmanufaktur AG with its headquarters in . Saint Gobain unveils BPB board overhaul 7 December, By Cn russ Saint Gobain has unveiled major changes on the board of BPB following its £4 billion acquisition of the plasterboard.
Saint-Gobain Gyproc Egypt is the largest manufacturer and distributor of all forms of gypsum products from the traditional and industrial plasters to dry-lining and ceilings. Founded in by a French company in Ismailia • Known before as Egyptian Gypsum Company • Bought in late 90’ by BPB Placo France from Gemco • Largest.
- Saint-Gobain acquires Bicron Corporation and Harshaw brand products. - Crismatec, the European leader in BGO production, is acquired.
Crismatec becomes the new name for the Quartz & Silice entity. - Saint-Gobain acquires Nuclear Enterprises. - Saint-Gobain (Bicron) acquires TGM Detectors and Gamma Laboratories. The gypsum activity; Saint-Gobain Gyproc; has a history that dates back to with the establishment of BPB in the United Kingdom undertaking the production of plaster and plasterboard products.
|Who are we?||The move will be a final attempt by the French group to secure the backing of BPB's board for its take-over approach.|
|FTSE Index - Wikipedia||Originally a mirror manufacturer, it now also produces a variety of construction and high-performance materials. The company is a component of the Euro Stoxx 50 stock market index.|
The company expanded to France, Ireland, Canada and South Africa in the ’s and continued with its global expansion before it was acquired by Saint-Gobain in , and becoming a part of its larger . In , BPB bought Rigips, a well-known brand in Austria, Germany, Italy and the Netherlands, and proceeded with acquisitions in Scandinavia and Belgium, until Saint-Gobain took over BPB in Since then, the Saint-Gobain Group has continuously been expanding and exploring new territories, to become the successful global business recognisable today.