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COMPLETION OF THE DAHL ACQUISITION |
Compagnie de Saint-Gobain has completed its acquisition of the Swedish company Dahl International AB (Dahl), having received the approval of the European, Estonian and Polish competition authorities. Dahl has therefore been consolidated in the Group’s financial statements from May 1, 2004.
As the Scandinavian leader in sanitary, heating and plumbing distribution, Dahl posted overall sales of SEK 12.5 billion ( €1.4 billion) in 2003. The company, which employs some 3,400 people, has 260 outlets – located in Sweden, Norway, Denmark and Finland, as well as in Poland and Estonia.
This acquisition represents a means for the Building Materials Distribution Division of Saint-Gobain to extend its European leadership to Scandinavia, and further develop its sanitary, heating and plumbing business lines. It also provides the Division with a solid base for developing its various businesses in Scandinavia. On a pro forma basis including Dahl, sales of the Building Materials Distribution Division amounted to €12.7 billion in 2003, with a headcount of 56,000 people.
May 13, 2004
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