PRESS RELEASE

October 16, 2017

Saint-Gobain finalizes the acquisition of Glava, a major player in the Norwegian insulation market On June 14, 2017, Saint-Gobain announced that the Group had entered into exclusive talks with the founding families and shareholders of Glava to buy their shares. Having received the clearance from the Norwegian Competition Authority, the transaction is now completed.

A leading player on the insulation market in Norway, Glava reported sales of over €140 million in 2016. The company has two glass wool plants, at Askim, 55 km from Oslo, and at Stjørdal near Trondheim. It also has workshops producing expanded polystyrene and ceilings. Glava supplies a comprehensive range of insulating products and accessories to its customers.

This acquisition enables Saint-Gobain to reinforce its position in the Nordics in line with its strategy.

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Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

€39.1 billion in sales in 2016 Operates in 67 countries More than 170,000 employees www.saint-gobain.com

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Compagnie de Saint Gobain SA published this content on 16 October 2017 and is solely responsible for the information contained herein.
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