Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

August 7, 2007

Saint-Gobain buys industrial mortar co.

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.

Sign up for Enews

WBJ Web Partners

0 Comments

No More articles left

To read more, please
Login or Register (free)

 

To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy

Allow Cookies