TIDMCOD

RNS Number : 0604Z

Compagnie de Saint-Gobain

15 September 2015

September 15, 2015

Sale of Norandex

Saint-Gobain has signed an agreement to sell its distribution business (Norandex) in the US to ABC Supply Co., Inc., the leading distributor of roofing and siding products.

Norandex has a network of 103 branches specializing in windows, doors, siding and roofing products. It has 770 employees and generated sales of US$ 393 million in 2014.

This transaction is in line with Saint-Gobain Building Distribution's strategy of optimizing its portfolio by divesting non-core assets and focusing on bolstering its leading positions in Europe and Brazil.

The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the fourth quarter 2015.

ABOUT SAINT-GOBAIN

In 2015, Saint-Gobain is celebrating its 350(th) anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of EUR41 billion, Saint-Gobain operates in 66 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com and the twitter account @saintgobain or download the "Saint-Gobain Shareholder" application for tablet and smartphone.

 
 
         Analyst/Investor relations                                Press relations 
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                          +33 1 47 62 32 
                          52 
                          +33 1 47 62 44                                                    +33 1 47 62 
   Gaetano Terrasini      29                                                                30 48 
   Vivien Dardel          +33 1 47 62 30                             Sophie Chevallon       +33 1 47 62 
   Marine Huet            93                                        Susanne Trabitzsch      43 25 
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This information is provided by RNS

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September 15, 2015 02:59 ET (06:59 GMT)

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