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

Cie. de Saint Gobain 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.