Compagnie de Saint-Gobain Disposal (0564C)
February 17 2022 - 12:10PM
UK Regulatory
TIDMCOD
RNS Number : 0564C
Compagnie de Saint-Gobain
17 February 2022
PRESS RELEASE
February 17, 2022
SAINT-GOBAIN DIVESTS SPECIALIST TILE DISTRIBUTOR
AND DISTRIBUTION BRAND SPECIALIZED IN PLUMBING, HEATING AND
SANITARYWARE PRODUCTS IN THE UNITED KINGDOM
Saint-Gobain has entered into binding agreements for the sale of
its specialist tile distributor in the UK - CTD Tile Group to
Aurelius Investments. Completion is expected by the end of the
first quarter of 2022. CTD Tile Group employs 580 people and has 89
outlets, generating a turnover of approximately EUR115 million in
2021.
Saint-Gobain has also entered into an agreement for the sale of
Ideal Bathrooms, the remaining UK distribution brand specialized in
plumbing, heating and sanitaryware products, with a turnover of
approximately EUR60 million in 2021. Ideal Bathrooms will be
divested to Wolseley UK and completion is expected in April
2022.
These transactions are part of Saint-Gobain's continued business
profile optimization strategy, in line with the "Grow & Impact"
plan objectives.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures and distributes materials and
services for the construction and industrial markets. Its
integrated solutions for the renovation of public and private
buildings, light construction and the decarbonization of
construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose, "MAKING THE WORLD A
BETTER HOME".
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 72 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
29 77
+33 1 88 54 +33 1 88 54
19 09 26 83
Vivien Dardel +33 1 88 54 Patricia Marie + 33 1 88 54
Floriana Michalowska 15 49 Bénédicte 14 75
Christelle Gannage +33 1 88 54 Debusschere +33 1 88 54
Alix Sicaud 38 70 Susanne Trabitzsch 27 96
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END
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