# Saint-Gobain acquires Kirson, German reinforcement products specialist

Saint-Gobain has signed a share purchase agreement to acquire 100% of Kirson, a German manufacturer of reinforcement scrim and combination products for waterproofing roofing markets, based in Bavaria. Kirson's 2016 revenues were 27 million euros.

- Type: Acquisition
- Announced: 2017-07-24
- Where: Bavaria, Germany, Germany
- Value: $31.0M (27.0M EUR)
- Status: announced
- Products: reinforcement scrim, nonwoven fabrics
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)
- [Kirson](https://endata.com/companies/25803.md) (target)
- [TekBond](https://endata.com/companies/25826.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/saint-gobain-acquires-kirson-the-german-reinforcement-products-specialist-636237943.html), 2017-07-24: "This acquisition is fully aligned with Saint-Gobain's strategy to consolidate its positioning on high performance solutions in the housing and construction sector."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2017/07/saint-gobain-acquires-kirson-the-german-reinforcement-products-specialist/), 2017-07-24: "Saint-Gobain has signed a share purchase agreement to acquire 100 percent of the equity capital of Kirson, a major actor on the European laid scrim market."
- [globallegalchronicle.com](https://globallegalchronicle.com/saint-gobains-acquisition-of-tekbond/), 2017-08-09: "Saint-Gobain has signed a share purchase agreement to acquire 100% of the…"
- [buildnews.it](https://www.buildnews.it/articolo/saint-gobain-acquisite-due-aziende-per-crescere-in-germania-e-in-brasile), 2017-08-23: "Saint-Gobain ha siglato nei giorni scorsi accordi per l’acquisizione del 100% del capitale sociale di due aziende funzionali alla crescita delle sue potenzialità."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.