PARIS, May 22, 2017 /PRNewswire/ --
Saint-Gobain has signed a share purchase agreement to acquire 100% of the equity capital of Biolink, a German manufacturer of specialty adhesive tapes. Founded in 1997 and based in Waakirchen, 45km from Munich, this business develops and produces environmentally friendly solvent-free acrylic resin adhesive tapes for a variety of applications in the aeronautic, automotive and other industrial markets, mostly in Europe. Biolink has unique skills in the development of adhesive solutions working closely together with its customers and partners.
After taking over H-Old in Italy at the end of 2016, this Biolink acquisition will accelerate the growth of Saint-Gobain's performance plastics business in the fast growing adhesives market.
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
€39.1 billion in sales in 2016
Operates in 68 countries
More than 170,000 employees
Analyst/Investor relations Media relations Vivien Dardel +33-1-47-62-44-29 Susanne Trabitzsch +33-1-47-62-43-25 Florent Nouveau +33-1-47-62-30-93 Floriana Michalowska +33-1-47-62-35-98