Saint-Gobain has revealed the successfully completed purchase of Phoenix Coating Resources Inc.
Phoenix Coating Resources Inc. will join Saint-Gobain's Ceramic Materials business. The acquisition will enable Saint-Gobain to expand the range of coating solutions it provides to the aeronautics industry, in alignment with the Group's strategy of strengthening its position in high-performance solutions for growing markets.
Phoenix Coating Resources Inc. manufactures ceramic ingots used to produce high-resistance thermal coatings on metal parts for the aeronautics industry. The aim is to improve the energy efficiency of aircraft engines by enabling them to operate at higher temperatures.
Saint-Gobain is an international group of industrial manufacturers headquartered in Paris. The company's history extends back over 300 years. Today, the group comprises 1,500 companies in 64 countries. In 2013, Saint-Gobain's turnover exceeded EUR 42 billion.
AK&M "M&A Market"
"AK&M", 25.06.2014 17:34