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Completion of the Brossette and Build Center Acquisitions

Post Time:Apr 05,2012Classify:Company NewsView:223

Saint-Gobain completed the acquisition of Brossette from Wolseley, after the transaction was approved  by France’s competition authorities on March 23 subject to the divestment of 22 outlets representing aggregate sales of some €30 million. 

 

Specializing in the distribution of plumbing, heating and sanitary products in France, the Brossette brand has a very good reputation among the market. Backed by a network of 361 outlets across the country, it also promises a strong geographic fit with the French plumbing, heating and sanitary business of Saint-Gobain Building Distribution Sector, which primarily operates under the Cedeo brand.

 

Brossette generated €726 million in revenue in the fiscal year ended July 31, 2011 and employs 2,650 people.

 

The acquisition will enable Saint-Gobain to enhance its position in the plumbing, heating and sanitary distribution business in France and more broadly in Europe, where the Group already has prime positions, thanks in particular to Dahl in the Nordic countries, Graham in the United Kingdom, Sanitas Troesch in Switzerland and Tadmar in Poland.

 

The acquisition of Build Center, carried out on November 4, 2011, was authorized by the UK Office of Fair Trading on February 8, 2012 subject to the divestment of 23 branches representing aggregate revenues of some GBP 35 million (€42 million). 

 

Build Center is the UK’s fourth largest general builders’ merchant. With a network of 148 branches located across the UK, including a large concentration in the dynamic South East, Build Center offers an excellent geographic fit with the Jewson network.

 

It reported revenue of GBP 324 million (€390 million) for the fiscal year ended July 31, 2011, with 1,527 employees.

 

The acquisition will enable Jewson to consolidate its position as leading general builders’ merchant in the UK.

 

These two acquisitions will add more than €1 billion of sales and strengthen our positions in the sustainable habitat market” commented Pierre-André de Chalendar, Chairman and CEO of Saint-Gobain.  “They will further develop our Building Distribution Sector and complement the geographical presence in two of the Sector’s key businesses —general building distribution in the UK and plumbing, heating and   sanitary products in France, while creating significant synergies, particularly in the areas of purchasing and logistics.”

Source: www.saint-gobain.comAuthor: shangyi

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