Mutares, a German-based holding company, completed the acquisition of Lapeyre, a home improvements provider, from Saint-Gobain, which offers design, manufacturing, and distributing building materials internationally. Financial terms were not disclosed. "With his background at one of the largest European DIY retail groups, we are confident that Marc Ténart is the perfect fit to lead the company to success and growth in the future. The acquisition is a long-term investment for us and we are confident that we can support with our proven operational experience the successful turnaround and development of Lapeyre," Johannes Laumann, Mutares CIO.