Saint-Gobain Buys Serbia’s Karbon Maker of Paints and Plasters

Cie. de Saint Gobain (SGO) SA, Europe’s biggest supplier of building materials, is acquiring Karbon Gradjevinski Materijali DOO, a Serbian maker of paints, mortars, adhesives and decorative finishes.

The purchase will “improve the position of Saint Gobain” in the region, including Serbia and Montenegro, the company said in an announcement published in Belgrade weekly magazine NIN. It didn’t disclose the value of the acquisition.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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