(PRESS RELEASE) COURBEVOIE, France, 7-Jan-2020 — /EuropaWire/ — Saint-Gobain closes sale of its expanded polystyrene (EPS) business in France to the Austrian and Swedish consortium Hirsch-BEWiSynbra on December 31, 2019.
In 2018, the EPS business in France generated sales of around €70 million.
The agreement is part of Saint-Gobain’s portfolio optimization strategy within the framework of its new organization. Divestments completed or signed by the Group to date represent sales of around €3.3 billion. Saint-Gobain is continuing its divestment program despite meeting the initial target of over €3 billion in sales divested by the end of 2019.
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.
€41.8 billion in sales in 2018
Operations in 68 countries
More than 180,000 employees
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