NORWAY > France based Saint-Gobain finalizes acquisition of Glava

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After receiving permission from the Norwegian Competition Authority, Saint- Gobain has announced that it has been holding exclusive talks with the founding families and shareholders of Glava. Glava is one of the market leading companies in the insulation market in Norway and has reported sales of over  €140 million ($185.5 million) in 2016. Glava has two glass wool plants in Askim ( 55 km from Oslo) and at Stjørdal near Trondheim and has workshops that produce expanded polystyrene and ceilings. It also supplies a comprehensive range of insulating products and accessories.

According to Thierry Lambert , General Delegate for the Nordic Countries and Baltic States, of Saint- Gobain

 “Saint-Gobain has been working closely with GLAVA for over 80 years through a license agreement from ISOVER; prior to the transaction, we already owned 17 % of the company and were member of the board of directors. Saint-Gobain and GLAVA treasure the same values and share the same passion for our industry and for our customers. We look forward to supporting GLAVA’s development in Norway”

About Saint-Gobain 

Represented in 67 countries with 8 research centers and 3 activity hubs, Saint- Gobain is a France based company that operates in the following segments: Innovative Materials, Construction Products and Building Distribution. Founded in 1665 and headquartered in Courbevoie, France Saint- Gobain employs around 170,000 employees worldwide.