BUILDING materials supplier SIG has expanded its French roofing business with an acquisition for £3.5m.
The Sheffield-based firm said today it had acquired Sodimat SAS, a specialist distributor of flat roofing products, based in Lyon, France for 4.4m euros (£3.5m) in cash.
Sodimat SAS made a pre-tax profit of 550,000 euros (£430,000) in 2013 Gross assets were €1.4m (£1.1m).
In a statement, SIG said: “This infill acquisition is in line with the group’s strategy of expanding its French roofing business, Lariviere, in the South of France, and strengthening its offering in flat roofing, which SIG believes to be an attractive segment of the market.”
Sodimat SAS was sold by the Sitbon family, who founded the business.