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| Saint-Gobain announces acquisitions in Italy, Spain and Germany Saint-Gobain's Building Distribution Sector has announced the acquisition of Vemac (Italy), Discesur (Spain) and Schäfer (Germany). Vemac is one of the Italian largest builders' merchants and a regional leader in Abruzzo. The business has 10 branches, employs 187 people and recorded net sales of €66 million in 2006. Discesur is the number 2 distributor of tiles in Spain. With a large showroom (4,000 m²) in Madrid, the business recorded net sales of over €55 million in 2006 and employs 101 people. Schäfer, a business specialized in distributing roofing products in Germany, operates 14 branches and employs 130 people. Its net sales reached €50 million in 2006. With these deals, the total number of acquisitions finalized by the Saint-Gobain Group in Building Distribution since the beginning of the year stands at 20, corresponding to full-year net sales of about €440 million. write your comments about the article :: © 2007 Construction News :: home page |