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Announced

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Compagnie de Saint-Gobain completed the acquisition of HTMS.

Synopsis

Compagnie de Saint-Gobain, which offers design, manufacturing, and distributing building materials internationally, completed the acquisition of High Tech Metal Seals, a designer and manufacturer of engineered metal seals for the industrial, energy and aerospace markets. Financial terms were not disclosed. This acquisition is in line with the Group’s strategy of developing technological niches. It will join the Mobility business, extending further the seals product range offering and solutions for critical applications. It will accelerate Saint-Gobain’s growth, in particular in aerospace, and the business will benefit from our global sales platform, notably in Asia.

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