French multinational corporation Saint-Gobain SA said Jan. 4 it acquired Brazilian extruded tubing company SG Plásticos as part of a plan to increase its emerging market industrial assets within its high-performance materials unit.
SG Plásticos has an 86,000-square-foot production facility in the Brazilian state of São Paulo. With about 2,600 products in its portfolio, the company provides customized tubing to the industrial, medical, oil, agricultural, automotive and other markets.
The French company said in a news release that the acquisition will give its Saint-Gobain Performance Plastics subsidiary “a leading position in Brazil's high value-added tubing market, adding local manufacturing capabilities to strengthen its presence in the region with a broader portfolio of applications.”
The company did not disclose the price paid for the acquisition, and was not able to immediately give more details about the deal.
Saint-Gobain Performance Plastics is a producer of high-performance polymer solutions, with 45 production sites spread across 16 countries in North America, South America, Europe and Asia.
The French corporation operates in Brazil through Saint-Gobain do Brasil Ltda. and other subsidiaries, producing glass products for the automotive and construction industries, high-performance plastics, fiberglass insulation and other products. Saint-Gobain sales in Brazil totaled BRL 9.8 billion ($3.7 billion) in 2014.