LONDON, UK: Saint-Gobain has completed its acquisition of the French company Panofrance, a specialist distributor of timber and panels for the construction and furnishing industries.
Panofrance had sales of approximately €160 million in 2020, around 30 points-of-sale throughout France and more than 600 employees. It will complement Dispano, a Saint-Gobain subsidiary specialized in the trade of timber products and by-products, with 46 points-of-sale in France and sales of €380 million in 2020.
This acquisition will allow Saint-Gobain to increase the density of its geographical footprint on the fast-growing market of timber-based building systems providing lightweight and rapid implementation solutions.
Following the recent acquisition of timber construction specialist Brüggemann in Germany, Saint-Gobain therefore continues to grow on this dynamic lightweight construction market thanks to its solutions for sustainability and performance.
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets.