Saint-Gobain has acquired 100% of the share capital of the Italian company h-old from private equity fund Arcadia Small Cap. Founded in 1982, h-old designs, manufactures and distributes – mostly in Europe – specialty adhesive tapes for various high-performance applications for industrial and automotive markets. Its sales should be around €25 million in 2016.
The acquisition of h-old reinforces the high-performance plastics business thanks to complementary commercial positions in terms of geography and applications.