REG - Compagnie St-Gobain - Divestment

Compagnie de Saint Gobain SAAnnouncement

31/07/2018 17:25

RNS Number : 3806W
Compagnie de Saint-Gobain
31 July 2018
 



PRESS RELEASE

 
July 31, 2018
 
Saint-Gobain divests its Glazing Installation business
in the United Kingdom
 
 
Following a strategic review of its British glass business, Saint-Gobain has sold, effective August 1st 2018, its façade installing and glass replacing activities in the United Kingdom (UK), to an affiliate of CoBe Capital.
 
Trading under the Glassolutions name until the disposal, this business has delivered an annual turnover around £70m, and employs around 440 people.
 
The rest of the Glassolutions activities, in the core areas of glass transformation and distribution for new construction and renovation, are not affected by this move.
 
The disposal is part of the Group target to focus on a coherent and value-creating portfolio of businesses.
 
 
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
 
€40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com 

@saintgobain
 
 



 
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