Saint-Gobain to acquire Glava

Compagnie de Saint-Gobain has entered into exclusive talks with the founding families and shareholders of Glava A/S to buy their shares.

Compagnie de Saint-Gobain has entered into exclusive talks with the founding families and shareholders of Glava A/S to buy their shares, with the support of the company’s management.

Saint-Gobain already owned 17.08% of Glava, which has manufactured products under an Isover licence since 1960.

Saint-Gobain said the acquisition - which was subject to approval of the Norwegian anti-trust authorities - would allow it to reinforce its position in the Nordics in line with its strategy.