Saint-Gobain finalizes the acquisition of Glava

2017-10-16

Oct. 16, 2017 - On June 14, 2017, Saint-Gobain announced that the Group had entered into exclusive talks with the founding families and shareholders of Glava to buy their shares. 

Having received the clearance from the Norwegian Competition Authority, the transaction is now completed. A leading player on the insulation market in Norway, Glava reported sales of over €140 million in 2016. The company has two glass wool plants, at Askim, 55 km from Oslo, and at Stjørdal near Trondheim. It also has workshops producing expanded polystyrene and ceilings. Glava supplies a comprehensive range of insulating products and accessories to its customers. 

This acquisition enables Saint-Gobain to reinforce its position in the Nordics in line with its strategy.