Saint Gobain buys Turkish abrasives firm
Atlas Zimpara makes sandpaper and other abrasive products
Saint-Gobain has announced that it has finalised a deal to buy Atlas Zimpara - a longstanding partner firm that makes sandpaper, sanding belts, discs and other abrasive materials.
The company operates from a plant in Gebze, an industrial area close to Istanbul. Its products are supplied to the construction, automotive repair and industrial supplies.
Saint-Gobain, a French building materials giant which manufactures a huge range of gypsum, insulation, pipeworks, glass and other products, said that the deal strengthens its presence in Turkey, where it recently began operating a new organic grinding wheel plant at Eskiehir, 300km south-east of Istanbul.
It addded that the deal allows it to serve customers from a local industrial base and "marks an important stage in the Group's development in fast-growing countries".
Saint-Gobain has annual sales of $53.3bn a year and employs 190,000 people in 64 countries worldwide.