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Saint-Gobain Buys Stake in British Indústria e Comércio Ltda.

French manufacturer purchases 70% stake to step up Brazilian presence

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Saint-Gobain has signed a joint venture agreement with British Indústria e Comércio Ltda., a manufacturer of nonwoven abrasives in Brazil, resulting in the acquisition of 70% of this company’s equity. Created in 1996, the company is located in Indaiatuba, 100 km from Sao Paulo. It manufactures and sells nonwoven abrasives for industrial applications (surface conditioning materials), professional cleaning and consumer goods.
 
In a market for nonwoven products that has high growth potential in South America, Saint-Gobain says this investment will enable the company to strengthen its lead position in the industry and construction segments. The group will be able to expand its range of abrasive products and add new customers to its portfolio.

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