REG - Compagnie St-Gobain - Disposal

Compagnie de Saint Gobain SAAnnouncement

01/09/2022 18:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220901:nRSA0191Ya&default-theme=true

RNS Number : 0191Y  Compagnie de Saint-Gobain  01 September 2022

 

 

 

 

 

SAINT-GOBAIN has entered into an exclusive negotiation process for the sale of
ITS WORLDWIDE

CRYSTALS and DETECTORS BUSINESS

 

Saint-Gobain announces that it has entered into an exclusive negotiation
process for the sale of its Crystals and Detectors business - part of High
Performance Solutions - to a consortium led by SK Capital Partners associated
with Edgewater Capital Partners, both US private equity firms with expertise
in advanced materials which have made a binding and irrevocable offer for an
enterprise value of USD 214 million.

 

The transaction is subject to customary employee consultations. Its completion
is subject to regulatory approvals and is expected during the fourth quarter
of 2022.

 

The Crystals and Detectors business employs around 400 people, operates 6
production sites (2 in France, 3 in the United States and 1 in India) and
generated revenues of close to €75 million in 2021 with an adjusted EBITDA
margin of around 20%. It provides radiation detection solutions for medical
imaging, security, nuclear safety, oil and gas exploration and environmental
monitoring as well as sapphire products for medical, industrial, electronics
and aerospace applications.

 

This transaction aims at focusing the Group's High Performance Solutions
activities on markets where Saint-Gobain, thanks to its leadership positions
and its innovation capabilities, enables its customers to accelerate towards
carbon neutrality and circularity. It is 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 76 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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISDZGGLVMFGZZM