VM Matériaux continues its expansion and announces its acquisition of a 50%-stake in Havraise de Matériaux. This operation will take place in January 2008.
Established in the west of France and France's overseas departments, VM Matériaux will expand its distribution network of building materials to the French departments of Calvados and Seine-Maritime, by acquiring a stake in Havraise de Matériaux. This independent materials trader is headed by Jean Philippe Sourd and Didier Lalouelle, who had themselves taken over the company in 1999 from the RMC France group. With seven branches situated in Le Havre, Rouen and Caen, Havraise de Matériaux achieved a turnover of ¤28.5 million, in 2006.
As VM Matériaux, the Norman trader has both a professional and a non-professional clientele to which it offers the whole range of major construction and light-work products required for construction and renovation. Today, Havraise de Matériaux has 88 employees based in its seven sites.
This 50%-stake will enable the two chief executives to continue their company's growth in a firm'senvironment in accordance with the values developed within Havraise de Matériaux.
An operation which, for VM Matériaux, will enable progressive establishment in a dynamic and rapidly developing region, similar to the group's activities both geographically and culturally. The operation will thus progressively contribute to improving the acquired company's earnings.
About VM MATÉRIAUX
VM Matériaux works in the Building industry, centred on three areas of business:
- Building material trading (74.4% of the business): distribution of materials for the building and public works sector, with a network of 97 specialised agencies, offering locally-based advice to industry professionals and DIY customers;
- the Concrete industry (13%): industrial pre-cast and ready-mix concrete;
- Industrial joinery (12.6%): a full range of fittings for outside use (PVC, aluminium or wooden windows, roller shutters, front doors) and industrial frames.
The Group was originally based in the Vendée region but is now multi-regional. It employs 2,600 people and is developing its business over Western France and in the overseas departments. The Group achieved a turnover of 503.7 M¤ in 2006.VM Matériaux is quoted on l'Eurolist, Compartiment B. Index: SBF 250, CAC Mid & Small 190
Codes: ISIN FR0000066540, Reuters VMMP.NT, Bloomberg VMM.FP, Mnemo: VMMA
|VM MATERIAUX||ACTUS FINANCE & COMMUNICATION|
|Philippe AUDUREAU - Chairman of the board of directors||Nathalie BOUMENDIL - Investor/Analyst Relations
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