Saint-Gobain’s acquisitions in 2003
Saint-Gobain’s acquisitions in 2003:
Expenditure of €560 million for additional sales of about €1,124 million
The purpose of this press release is to provide an update on the acquisitions carried out by the Group in 2003 (not including share buybacks by Compagnie de Saint-Gobain), and particularly those which were not specifically announced at the time. The sales figures provided below are based on estimated full-year data for 2003.
The Group continued to pursue its external growth strategy in 2003, through 53 bolt-on acquisitions. These acquisitions represented an aggregate investment in securities or assets of €560 million, for additional full-year sales of approximately €1,124 million. The net debt acquired in connection with these transactions totaled €6 million.
The majority of these acquisitions concerned the Group’s new businesses – primarily Building Materials Distribution and to a lesser extend Ceramics and Composites – reflecting Saint-Gobain’s development strategy. The Group also acquired companies in emerging countries in its historic businesses in line with its strategy to expand its geographic reach.
• Building Materials Distribution: expenditure of €436 million for additional sales of €993 million.
In 2003, the Division continued its external growth through 38 bolt-on acquisitions in France, the United Kingdom, Germany and the Netherlands.
France:
The Point P Group carried out 23 external growth transactions involving 210 sales outlets, essentially in France but also in Spain. In total these acquisitions represent full-year sales of €648 million.
Point P’s acquisitions in France – representing 208 sales outlets – included the following:
- specialized distributors which accounted for the majority of acquisitions. These companies represented €570 million in acquired sales and included:
Expenditure of €560 million for additional sales of about €1,124 million
The purpose of this press release is to provide an update on the acquisitions carried out by the Group in 2003 (not including share buybacks by Compagnie de Saint-Gobain), and particularly those which were not specifically announced at the time. The sales figures provided below are based on estimated full-year data for 2003.
The Group continued to pursue its external growth strategy in 2003, through 53 bolt-on acquisitions. These acquisitions represented an aggregate investment in securities or assets of €560 million, for additional full-year sales of approximately €1,124 million. The net debt acquired in connection with these transactions totaled €6 million.
The majority of these acquisitions concerned the Group’s new businesses – primarily Building Materials Distribution and to a lesser extend Ceramics and Composites – reflecting Saint-Gobain’s development strategy. The Group also acquired companies in emerging countries in its historic businesses in line with its strategy to expand its geographic reach.
• Building Materials Distribution: expenditure of €436 million for additional sales of €993 million.
In 2003, the Division continued its external growth through 38 bolt-on acquisitions in France, the United Kingdom, Germany and the Netherlands.
France:
The Point P Group carried out 23 external growth transactions involving 210 sales outlets, essentially in France but also in Spain. In total these acquisitions represent full-year sales of €648 million.
Point P’s acquisitions in France – representing 208 sales outlets – included the following:
- specialized distributors which accounted for the majority of acquisitions. These companies represented €570 million in acquired sales and included: