Saint-Gobain has acquired the Maxit group, a manufacturer of industrial mortars, from HeidelbergCement. Maxit reported sales of & euro; 1,237 million in 2006 (US$1.7 billion).  ;
With this transaction, Saint-Gobain builds its presence in Construction Markets, doubling its size in industrial mortars (which, in 2006, represented & euro; 1 billion (US$1.37B) in products sold under the Weber trademark) and in particular strengthens its ETICS (External Thermal Insulation Composite System) solutions.
The companies complement each other geographically -Weber is strong in and Southern Europe, and well established in
The transaction has an enterprise value of & euro; 2,125 million (US$2,921 million), about 11 times Maxit’s estimated operating income for 2007 after cost synergies.