August 7, 2007
Saint-Gobain buys industrial mortar co.
By Matthew L. Brown
Paris-based Compagnie de Saint-Gobain, which employs nearly 2,500 people in Central Massachusetts at its Saint-Gobain Abrasives Inc. unit, and 200,000 worldwide, said it would pay nearly $3 billion for HeidelbergCement AG's industrial mortar unit Maxit.
Maxit employs 5,130, according to Saint-Gobain.
Saint-Gobain said the deal would double its industrial mortars activities, which in 2006 accounted for $1 billion in sales through its Weber unit.
In 2006, Maxit reported $1.7 billion in sales.
Maxit employs 5,130, according to Saint-Gobain.
Saint-Gobain said the deal would double its industrial mortars activities, which in 2006 accounted for $1 billion in sales through its Weber unit.
In 2006, Maxit reported $1.7 billion in sales.
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