Argentina/Peru:Saint-Gobain and Compania Industrial El Volcan sign cooperation agreement

摘要

France-based Saint-Gobain and Chile-based Compania Industrial El Volcan have signed an agreement to cooperate in the Argentine and Peruvian gypsum wallboard markets.The companies finalised the agreement in January 2021.In Peru,Saint-Gobain will purchase El Volcan Soluciones Constructivas,a company specialised in the production and sale of wallboard.After this new entity has been merged with SG Productos para la Construccion,which specialises in the production and sale of mortars and has been wholly owned by the Saint-Gobain Group since December 2019,Saint-Gobain will retain a 55% stake in the new consolidated group and will sell the remaining 45% to the El Volcan group.