Business
Acquisition of Roofing Business
Acquisition of Roofing Business.
About this update from Sig Plc
[{"type":"text","content":"\n \nRNS Number : 6672M SIG PLC 18 July 2014 \n \n\nSIG plc\n(\"SIG\" or \"the Group\")\nAcquisition of Roofing Business\nSIG plc, a leading distributor of specialist building products in Europe, today announces that it has acquired Sodimat SAS, a specialist distributor of flat roofing products in France, based in Lyon, for €4.4m in cash.\nFor the financial year ended 31 December 2013 Sodimat SAS made a profit before tax of €0.55m. Gross assets were €1.4m as at 31 December 2013.\nThis infill acquisition is in line with the Group's strategy of expanding its French roofing business, Lariviere, in the South of France, and strengthening its offering in flat roofing, which SIG believes to be an attractive segment of the market.\nSodimat SAS is being sold by the Sitbon family, who founded the business.\nEnquiries\n\n\n\n\nSimon Bielecki, Head of Investor Relations\n\n\nSIG plc\n\n\n0114 285 6300\n\n\n\n\nRichard Mountain / Nick Hasell\n\n\nFTI Consulting\n\n\n020 3727 1340\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQGGUGGMUPCGQM\n ","length":2306,"tagName":"div"}]