Saint-Gobain recently announced it has acquired 100% of the share capital of h-old, an Italy-based company, from private equity fund Arcadia Small Cap. Founded in 1982, h-old designs, manufactures and distributes specialty adhesive tapes mainly in Europe for various high-performance applications for industrial and automotive markets. The company’s sales are expected to be approximately €25 million ($27.7 million) in 2016.

h-old reportedly will reinforce Saint-Gobain’s high-performance plastics business through complementary commercial positions in terms of geography and applications.

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