Saint Gobain finalises 50% sale of Lodhia Gypsum in Tanzania
Wednesday, 22 July 2015 09:19
The French group Saint Gobain, top ranking worldwide for the production, processing and distribution of construction materials, announced on 20 July having finalised the acquisition of 50% shares of the Tanzanian company Lodhia Gypsum Industries.
The financial terms of this transaction, which is in line with the strategy of Saint Gobain to develop its presence in sub-Saharan Africa, have not yet been revealed.
Lodhia Gypsum Industries manufactures and sells plasterboards, has a workforce of 90 employees and has a plant located in Arusha.
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