Investors led by former Saint-Gobain managers take over the glass processing business of Saint-Gobain in the North-West region of France

(PRESS RELEASE) COURBEVOIE, 2-Sep-2022 — /EuropaWire/ — Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced the divestment of Saint-Gobain Glassolutions Grand Ouest glass processing business in the North-West region of France. The transaction also includes glass installation activities across France and the acquired entity has generated sales of around €60 million in 2021 and employs some 420 people.

This operation is part of Saint-Gobain’s continued business profile optimization strategy, consistent with the “Grow & Impact” plan objectives. It enables Saint-Gobain in France to focus its investments on innovative solutions for sustainable construction, with for instance the recent commercial launch of low carbon glass offer, or the recycling of glass in a closed loop system.

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”.

€44.2 billion in sales in 2021
166,000 employees, locations in 76 countries
Committed to achieving Carbon Neutrality by 2050

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SOURCE: Saint-Gobain