Saint-Gobain buys Germany’s Kaimann

Compagnie de Saint-Gobain SA (SGO.FR) has bought German insulation-products manufacturer Kaimann, the French company said Friday.

Financial details of the deal weren’t disclosed.

The French building-materials producer said that with the deal it "further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation."

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Kaimann had sales of 70 million euros ($80.5 million) in 2017 and employs 320 people, according to Saint-Gobain.

The acquisition is subject to the approval of antitrust authorities.

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