Compagnie de Saint-Gobain Disposal (9844E)
July 12 2021 - 12:17PM
UK Regulatory
TIDMCOD
RNS Number : 9844E
Compagnie de Saint-Gobain
12 July 2021
PRESS RELEASE
July 12, 2021
SAINT-GOBAIN DIVESTS GRAHAM, ITS PLUMBING, HEATING AND SANITARY
PRODUCTS SPECIALIST DISTRIBUTION BUSINESS IN THE UNITED KINGDOM
Saint-Gobain has entered into binding agreements for the sale of
its Graham Plumbers' Merchant business in the UK. This business is
a specialist distributor for plumbing, heating and sanitary
products. With about 130 outlets and 840 employees, it generated a
turnover of approximately EUR260 million in 2020.
The majority of the Graham outlets, as well as the Graham brand
name and website name will be divested to UK Plumbing Supplies, and
a smaller number of branches will be divested to Wolseley.
The transactions are expected to be completed over the coming
weeks and are part of Saint-Gobain's continued portfolio
optimization strategy to enhance the Group's growth and
profitability profile.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions for the construction, mobility, healthcare and other
industrial application markets. Developed through a continuous
innovation process, they can be found everywhere in our living
places and daily life, providing wellbeing, performance and safety,
while addressing the challenges of sustainable construction,
resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain
purpose, "MAKING THE WORLD A BETTER HOME", which responds to the
shared ambition of all the women and men in the Group to act every
day to make the world a more beautiful and sustainable place to
live in.
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
Analyst/Investor relations Press relations
+33 1 88 54 +33 1 88 54
29 77 26 83
+33 1 88 54 Patricia Marie + 33 1 88 54
Vivien Dardel 19 09 Bénédicte 14 75
Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
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