Saint-Gobain's acquisitions in 2002
Saint-Gobain's acquisitions in 2002:
Expenditure of EUR 232 million for additional sales of about EUR 546 million
The purpose of this press release is to recapitulate the acquisitions (not including buybacks of Compagnie de Saint-Gobain stock) carried out by the Group in 2002, particularly those which were not specifically announced at the time. The sales figures provided below are based on estimated full-year data for 2002.
The Group continued to pursue its external growth strategy in 2002, through 56 transactions, most of them bolt-on acquisitions in Building Materials Distribution. These acquisitions represented an aggregate investment in securities or assets of EUR 232 million, for additional full-year sales of approximately EUR 546 million. The net debt acquired in connection with these transactions totaled EUR 19 million.
In line with the Group's development strategy, the majority of these acquisitions concerned the high-growth businesses, Building Materials Distribution as well as Ceramics and Composites. Investment in these two areas totaled EUR 198 million, for additional full-year sales of EUR 486 million.
The Group also bought out all minority interests in its listed subsidiary Lapeyre, for a total outlay of EUR 350 million, as well as most minority shareholders of Construmega in Brazil, which is also part of the Building Materials Distribution division.
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• Building Materials Distribution: acquisitions of EUR 117 million for additional annual sales of EUR 382 million
In 2002, the Division continued its external growth through 41 bolt-on acquisitions in France, the United Kingdom, Germany and the Netherlands.
France:
The Point P group carried out 24 external growth operations, adding EUR 186 million to its full-year sales.
Point P acquired the following companies, which brought 56 sales outlets:
- several general distributors (total sales acquired came to EUR 100 million), among them CBA in Southwestern France, Lexcellent and Bial Weimerkirsch (Eastern France), Rosset (region of Lyon) and Audouard (South);
- specialized traders (total sales acquired totaling EUR 86 million), such as: