Posted November 30, 2011
Saint-Gobain buys South American companies
Saint-Gobain finalized the acquisition of Abrasivos Argentinos S.A. and Dancan S.A. in Argentina, together with their subsidiaries in Brazil and Uruguay, which specialize in the production of coated abrasives and masking tapes.
Founded in 1944, the two companies are headquartered in Buenos Aires. Their abrasive products are used in the metals, automotive, timber and construction industries, and distributed in Argentina, Uruguay and Brazil. Total 2010 sales were €27million,
Abrasivos Argentinos S.A. has a plant in Buenos Aires and Dancan S.A. is located in Pilar, near the Argentinean capital.
"By acquiring these two companies with a strong local foothold, Saint-Gobain's Abrasives Activity strengthens its position in Argentina, the second abrasives market in South America," according to a company press release.
