SAINT-GOBAIN’S ACQUISITIONS IN 2005, EXCLUDING BPB
61 acquisitions
financial investment of €1,062 million
for estimated additional sales
of €1,733 million
The purpose of this press release is to provide an update on the acquisitions carried out by the Group in 2005 (not including share buybacks by Compagnie de Saint-Gobain) and particularly those which were not specifically announced at the time. Therefore, the acquisition of BPB (Financial investment of €5.9 billion for estimated additional sales of €3.6 billion) is not covered in this press release.
In 2005, excluding BPB, the Saint-Gobain Group mainly made bolt-on acquisitions in Building Distribution (Optimera, Sanitas Troesch and 35 bolt-on acquisitions) and acquisitions in emerging countries.
| • |
Overview of 2005 acquisitions |
|
|
Acquisitions 2005
(en millions d’euros) |
Number of acquisitions |
Value of Securities acquired |
Debt acquired |
Estimated 2005 full year sales |
Distribution |
37 |
628 |
64 |
1,245 |
High Performance Materials
|
8 |
48 |
13 |
62 |
Flat Glass
|
2 |
161 |
(10) |
143 |
Packaging
|
5 |
98 |
22 |
120 |
Construction Products
|
9 |
127 |
9 |
163 |
TOTAL acquisitions |
61 |
1,062 |
98 |
1,733 |
Of which acquisitions in emerging countries |
22 |
408 |
3 |
482 |
Debt acquired: € 98 million
| • |
Building Distribution: Financial investment of €628 million for additional full year estimated sales of €1,245 million. |
|
|
228 new sales outlets were added to the Distribution sector network through the 2005 acquisitions in addition to the 140 new sales outlets created through organic growth.
The two largest acquisitions were: the Norwegian company Optimera (€575 million sales and 83 sales outlets) and the Swiss distributor of bathrooms Sanitas-Troesch €306 million sales and 27 sales outlets).
Excluding those 2 operations, the Building Distribution sector made a further 35 bolt-acquisitions: in France (19), in the UK (8), in Scandinavia (3), in the Netherlands and in the Czech Republic, adding €364m sales and 118 sales outlets.
France – 19 companies acquired (48 sales outlets), representing total full year sales of €131 million
- 8 specialised distributors, including the DPO group (distributor of air conditioning products), the FIMAT group (public works specialist), PBA (producer of ready-to-use concrete), Ardosa (roofing specialist).
- 11 general distributors, including Debourdeau-Lemonnier in the Marne and Haute-Marne regions, Somail Matériaux in the Hérault region and Mat Cagnes in the Provence, Alpes and Côte d’Azur regions.
United Kingdom – 8 companies acquired (30 sales outlets), representing total full year sales of €136 million
8 specialised distributors, of which 6 are sanitary, plumbing and heating, including Ideal Bathrooms in England and Falcon Plumbing and Heating in Essex. Chadwicks and Blackpool Power Tools, a wood and tool distributor, and CP Insulations, an insulation distributor, were also acquired.
Other Countries – 8 companies acquired (40 sales outlets), representing total full year sales of € 97 million
Acquisitions of note are :
Scandinavia – 3 Swedish companies acquired: Luftmijögruppen, Halab and EO-Plat, specialising in ventilation and heating products (5 sales outlets)
Czech Republic and Slovakia – WAW Keramika, a distributor of tiles and sanitary-ware throughout the Czech Republic and Slovakia, with 26 sales outlets.
The Netherlands – 2 companies, one of which was De Jager Tolhoek, a general distributor specialising in wood and panelling.
Brazil – 1 distributor of tiles and sanitary-ware with 5 sales outlets.
| • |
High Performance Materials (HPM): Financial Investment of €48 million for estimated additional full year sales of €62 million |
|
|
There were 8 acquisitions in 2005. Those of note are:
Reinforcements: estimated acquired sales of €33 million
Hornstein Glastextil AG – Austrian woven glass fabric and wallpaper producer for the residential construction sector.
Hangzhou Vetrotex Plastique – iChinese company producing glass fibre.
Ceramics, Plastics and Abrasives estimated acquired sales of €29 million
Danfeng Abrasives Group – Ceramic grains and powders manufacturer in Northern China.
Linyi Refractories – Chinese manufacturer of refractories for the glass industry.
| • |
Flat Glass: Financial investment of €161 million for additional full year sales of approximately €143 million |
|
|
Takeover of Hankuk Glass Industries in Korea (announcement of 6 April 2005), providing an additional €134 million full year sales, (previously proportionately consolidated and now fully consolidated)
The acquisition of the remaining 60% stake in the Slovakian company Nitrasklo.
| • |
Packaging: Financial investment of €98 million for additional full year sales of approximately €120 million |
|
|
Acquisitions of note are:
Eastern Countries – acquisition of Sitall and Kavminsteklo in Russia and Zorya in the Ukraine. The combined full-year sales of these three bottle producers are estimated at €93 million.
Microspray Delta - Italian producer of pumps for the perfume and cosmetics sector (annual sales of €17 million).
| • |
Construction Products (CP): Financial investment of €127 million for additional full year sales of approximately €163 million |
|
|
Pipelines - 2 acquisitions, including the cast iron producer Xugang. This acquisition will secure the supply of our Chinese centrifugation plants.
Insulation - 2 acquisitions, one in China, with the takeover of the glass wool producer Yi Xing, 170km from Shanghai, and the other in Rumania, with the purchase of DWB, producer of stone wool, 60km from Bucharest.
Construction Products – 5 acquisitions, of which 4 in emerging countries in the Mortars business unit: Brazil, Bulgaria, India and a company called Customs in the Czech Republic.
March 23, 2006
|
