Compagnie de Saint-Gobain Divestment (3806W)
July 31 2018 - 12:23PM
UK Regulatory
TIDMCOD
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 1(st) 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 GBP70m, 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.
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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