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Medical parts maker Saint-Gobain acquires Pompey

September 22/2020

MOSCOW (MRC) -- In a move that broadens its medical components capabilities, Solon, Ohio-based medical device maker Saint-Gobain Life Sciences has acquired Pompey, France-based MS Techniques and Transluminal, a designer and extruder of minimally invasive catheter systems, specifically for the cardio-vascular market, said Canplastics.

The financial terms of the deal have not been disclosed. In a press release, Saint-Gobain said that MS Techniques/Transluminal which employs 137 people will be integrated within Saint-Gobain Life Sciences Medical Components business unit.

"We are looking forward to welcoming MS Techniques and Transluminal to the Saint-Gobain Medical family," said John Schmitz, general manager, Saint-Gobains medical components and electronics. Aligning with our growth strategy, they strengthen our presence in Europe, broaden our precision extrusion capabilities and catheter design expertise, helping us further expand into the interventional and minimally invasive market."

As MRC informed earlier, Sika acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt. The acquisition supplements and rounds off the product portfolio of Sika Egypt and offers new opportunities for growth in the Egyptian construction market. The acquired business generates annual sales of CHF 26 million.

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.

Saint-Gobain Life Sciences is part of the Saint Gobain group, which is headquartered near Paris. The group operates in 70 countries with more than 180,000 employees. It reported sales of 42.6 billion euros in 2019.

Sika, a specialist in sealants and adhesives with origins dating back to 1910, employs some 25,000 people and has more than 300 plants worldwide. The group reported sales of CHF8.1 billion in the financial year 2019.
Author:Anna Larionova
Tags:construction, Sika.
Category:General News
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