SAINT-GOBAIN ANNOUNCES THE ACQUISITION OF BIWATER INDUSTRIES (CLAY CROSS)

Pursuing its growth strategy, the Pipe Division of Saint-Gobain has reached an agreement for the acquisition of the pipe manufacturing interests of the UK Biwater group: Biwater Industries (Clay Cross).

Biwater Industries (Clay Cross) employs around 700 people and achieved a turnover for 1999 of nearly £60 million operating from one plant in the Midlands.

This acquisition will enhance the leadership of the Pipe Division in pipe-based water distribution systems as well as the competitiveness of its product range and services.

Completion of this agreement is conditional upon the approval of the relevant competition authorities.

13/04/2000