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FINANCIAL NEWS
Europe’s SIG PLC acquires majority stake in Drywall Qatar
16 Aug 2015
(MENAFN) SIG PLC, a leading distributor of specialist building products in Europe, with sales in excess of USD4 billion has acquired a majority shareholding in Drywall Qatar.
Drywall Qatar has experienced strong growth stemming from its service orientated approach and the commitment to high quality products for the rapidly growing construction market of Qatar.
SIG’s financial strength and wide product portfolio of 30,000 products coupled to the key relationships with over 6,000 suppliers will allow Drywall Qatar to provide an even deeper product supply chain.
The acquisition of Drywall Qatar is a key step forward in enhancing SIG’s existing operations across the Middle East in UAE, Qatar, Oman and Kingdom of Saudi Arabia,” SIG PLC’s ME Managing Director said.
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