Compagnie de Saint-Gobain Acquisition (4066T)
July 03 2018 - 4:35AM
UK Regulatory
TIDMCOD
RNS Number : 4066T
Compagnie de Saint-Gobain
03 July 2018
PRESS RELEASE
July 3, 2018
Saint-Gobain Signs Agreement to Purchase Hunter Douglas'
North American Ceilings Business
Saint-Gobain has today entered into an agreement to purchase the
North American ceilings business of Hunter Douglas, a leading
manufacturer of architectural ceilings with two production sites in
Norcross, Georgia and Denver, Colorado. The business reported sales
of $36 million in 2017.
This acquisition will allow Saint-Gobain to acquire a complete
range of innovative aluminum, steel, felt and fiberglass ceiling
systems for commercial projects of all types. It is in line with
Saint-Gobain's strategy to consolidate its leadership positions and
to develop adjacent niches. It will significantly increase the
Group's presence in the high-growth architectural specialties
market.
The pending transaction is subject to customary closing
conditions and is expected to be finalized in July 2018.
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.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
+33 1 47 62
44 29
+33 1 47 62 +33 1 47 62
Vivien Dardel 35 98 30 10
Floriana Michalowska +33 1 47 62 Laurence Pernot +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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