REG - Compagnie St-Gobain - Disposal

Compagnie de Saint Gobain SAAnnouncement

04/02/2022 07:10

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RNS Number : 7246A  Compagnie de Saint-Gobain  04 February 2022

PRESS RELEASE

 

 

February 4, 2022

 

 

SAINT-GOBAIN DIVESTS ITS GLASS PROCESSING BUSINESS IN ESTONIA

 

Saint-Gobain has entered into an agreement for the sale of its regional glass
processing business Baltiklaas OÜ in Estonia to Polar Glass OÜ, a subsidiary
of Barrus AS, the largest glued laminated timber manufacturer in Estonia and
supplier to window and door producers. Baltiklaas OÜ employs more than 200
people across two sites, located in Tartu and Mäo, with sales of around €25
million in 2021.

 

This transaction follows a number of other divestments in glass processing by
the Group since 2018 in Europe with total sales of around €300 million
divested.

 

This transaction is part of Saint-Gobain's continued business profile
optimization strategy, in line with the "Grow & Impact" plan objectives.
It is subject to the approval of the relevant competition authorities and
should be finalized in the coming weeks.

 

 

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".

 

€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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