REG - Compagnie St-Gobain - Disposal

Compagnie de Saint Gobain SAAnnouncement

13/12/2021 17:10

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RNS Number : 4948V  Compagnie de Saint-Gobain  13 December 2021

PRESS RELEASE

 

December 13, 2021

 

SAINT-GOBAIN EXITS PLUMBING, HEATING AND SANITARYWARE PRODUCTS SPECIALIST
DISTRIBUTION IN THE UNITED KINGDOM

 

Saint-Gobain has entered into binding agreements for the sale of three of its
remaining four UK distribution brands specialized in plumbing, heating and
sanitaryware products to Wolseley UK: Neville Lumb, DHS and Bassetts.
Completion is expected in early 2022.

 

Saint-Gobain has also entered into exclusive negotiations for the sale of
Ideal Bathrooms, its remaining UK distribution brand specialized in plumbing,
heating and sanitaryware products, with Wolseley UK.

 

Together, these four brands employ 485 people and have 25 outlets, generating
a turnover of approximately €130 million in 2020.

 

On successful completion of these transactions, given the divestment of Graham
(turnover of approximately €260 million in 2020, 130 outlets) in August
2021, Saint-Gobain will no longer have any distribution brands specialized in
plumbing, heating and sanitaryware products in the UK.

 

These transactions are part of Saint-Gobain's continued portfolio optimization
strategy to enhance the Group's growth and profitability profile in line with
the "Grow & Impact" plan objectives.

 

 

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for
the construction, mobility, healthcare and other industrial application
markets. Developed through a continuous innovation process, they can be found
everywhere in our living places and daily life, providing wellbeing,
performance and safety, while addressing the challenges of sustainable
construction, resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING
THE WORLD A BETTER HOME", which responds to the shared ambition of all the
women and men in the Group to act every day to make the world a more beautiful
and sustainable place to live in.

 

€38.1 billion in sales in 2020

More than 167,000 employees, located in 72 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

visit www.saint-gobain.com (http://www.saint-gobain.com) and follow us on
Twitter @saintgobain

 

 Analyst/Investor relations                   Press relations

 Vivien Dardel           +33 1 88 54 29 77    Patricia Marie            +33 1 88 54 26 83

 Floriana Michalowska    +33 1 88 54 19 09    Bénédicte Debusschere       +33 1 88 54 14 75

 Christelle Gannage      +33 1 88 54 15 49    Susanne Trabitzsch          +33 1 88 54 27 96

 

 

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