Disposal
June 30 2005 - 1:05PM
UK Regulatory
RNS Number:3145O
Compagnie de Saint-Gobain
30 June 2005
press release
Saint-Gobain Oberland sells its glass blocks business to
the Seves Group
On June 30, 2005, Saint-Gobain Oberland, a German subsidiary of the Saint-Gobain
Group, signed an agreement for the sale of its glass blocks business to the
Italian group Seves. Its products, sold under the Solaris brand, are used in the
construction industry, and particularly in contemporary interior and exterior
architecture. The business is located at the Wirges plant in Germany, which is
equipped with a furnace and four production lines used solely for manufacturing
glass blocks, notably colored and fireproof blocks. Total sales for this
business in 2004 amounted to Euro24.4 million. The business will now be managed by
Solaris GmbH, a new subsidiary of the Seves Group whose name reflects the
commercial brand.
By selling its glass blocks activity, Saint-Gobain Oberland will concentrate on
its core business, namely the manufacture and sale of glass containers for the
food-processing industry.
This acquisition enables the Seves group to expand its product range and
strengthen its position as world leader in glass block production. The buyer is
also planning to put the weight of its R&D behind this business, and implement
new synergies to ensure international growth.
June 30, 2005
Investor Relations Department
Mme. Florence TRIOU-TEIXEIRA Tel. : +33 1 47 62 45 19
M. Alexandre ETUY Tel. : +33 1 47 62 37 15
Fax : +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
END
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