Purchase of Saint-Gobain in Romania
Saint-Gobain acquired 100% of the capital of the Romanian company Pietta Glass Working, active in glass processing and insulating glass systems for the façade markets and some industrial applications. In 2016, the turnover of Pietta Glass is expected to reach 20 million euros with strong growth potential over the next few years.
The Glazing business is already established in Romania with a flat glass production plant (float) and a magnetron (coater) line. This acquisition will make it possible to extend this industrial device to better serve the growing markets of the facade and to complete its positioning in industrial applications with an optimized cost base. It is part of Saint-Gobain's strategy to increase its supply of products downstream to high value-added systems.