REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

12/05/2022 18:30

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RNS Number : 3596L  Compagnie de Saint-Gobain  12 May 2022

 

 

 

SAINT-GOBAIN OPTIMIZES ITS TECHNOLOGICAL POSITIONING TO ACCELERATE ITS GROWTH
IN HIGH PERFORMANCE SOLUTIONS:

 

-    Two targeted acquisitions in specialist window films and
high-performance refractories

-    Two divestments in traditional ceramic applications

 

 

Saint-Gobain announces the closing of two acquisitions in High Performance
Solutions: Global SFC and Monofrax LLC, which represent around €20 million
of annual sales.

·    Global SFC is a technological leader in nano-ceramic window film
coatings, located close to Daejeon, South Korea. This acquisition will allow
the enhancement of insulation properties for the range of films from Solar
Gard®, global leader in innovative film technologies for solar control and
surface protection addressing the sustainable construction and sustainable
mobility markets.

·    Monofrax LLC is a regional leader in fused cast refractories in the
United States, located in Falconer, New York. This acquisition will enhance
our global footprint and enable further localization of refractory production
close to the end-customer. It will enable the development of high-end glass
melting applications and further decarbonation of light metal smelting
processes.

 

Saint-Gobain has also entered into binding agreements for the sale of certain
ceramic businesses in Brazil and the United States mainly destined for the
traditional iron and steel industry to the Japanese company Shinagawa
Refractories Corporation. Together they generated a turnover of around €70
million in 2021. The completion of the transactions is expected by the end of
2022 or beginning of 2023.

·    The Vinhedo site in the State of São Paulo, Brazil employs more than
300 people.

·    The US site in Latrobe, close to Pittsburgh, employs around 50
people.

 

These actions aim at focusing the Group's High Performance Solutions
activities on its most important higher growth global markets - where
Saint-Gobain holds a leadership position thanks to its innovation
capabilities, allowing it to accelerate the efforts of its customers towards
carbon neutrality and circularity.

 

They are part of Saint-Gobain's continued business profile optimization
strategy, in line with the "Grow & Impact" plan objectives.

 

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures

and distributes materials and services for the construction and industrial
markets. Its integrated solutions for the renovation of public and private
buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation
process and provide sustainability and performance. The Group's commitment is
guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

€44.2 billion in sales in 2021

166,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

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