20 September 2012

Saint-Gobain acquires 25.1% stake in Russia's ZAO ISOROC

20 September 2012 - Saint-Gobain is continuing to grow its Insulation Activity in Russia with the acquisition of 25.1% of ZAO ISOROC. 

Located in Tambov, ISOROC is leader in the Central region for stone wool products, the most commonly used insulation material in the CIS. The Company reported revenues of €46 million in 2011. 

Through this partnership ISOVER is strengthening its position in the insulation market in Russia and extending its product range. This transaction is in line with the Saint-Gobain Group’s expansion strategy in fast-growing high-potential regions and in energy efficiency markets

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2011 sales of €42.12 billion, Saint-Gobain operates in 64 countries and has nearly 195,000 employees. 

Source: Saint-Gobain