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Monday, November 22, 2004

Saint-Gobain acquires of 90% of Rompolimer

Saint-Gobain's Reinforcements Branch has just finalized the acquisition of 90% of the stock of Rompolimer, a Romanian company specializing in the distribution of materials for composites.

Based in Arad, western Romania, near the Hungarian border, Rompolimer reports annual sales of more than 4 million euros, and employs 17 people at its four depots. In addition to controlling access to the Romanian composites market, this acquisition is an opportunity to grow Saint-Gobain Vetrotex's sales in the countries surrounding Romania where the company is relatively inactive at present.

Following its acquisition, Rompolimer has been placed under Distribution Eastern Europe.

Saint-Gobain's plans include a 40 milion investment in building a new plant near Ploiesti.

Posted by Mihai : 11/22/2004 11:37:00 am