Saint-Gobain Advances Strategic Growth Plan with Sale of PAM Building to Aldebaran and Bpifrance

Saint-Gobain Advances Strategic Growth Plan with Sale of PAM Building to Aldebaran and Bpifrance

(IN BRIEF) Saint-Gobain has completed the sale of its PAM Building subsidiary, a producer of sanitary and rainwater drainage solutions, to the French investment fund Aldebaran, with Bpifrance holding a minority stake. The divestment, which includes production facilities in France and the UK, aligns with Saint-Gobain’s “Grow & Impact” strategy to optimize its business portfolio. PAM Building employs 400 people and reported €110 million in 2023 revenues.

(PRESS RELEASE) COURBEVOIE, 2-Dec-2024 — /EuropaWire/ — Saint-Gobain has successfully completed the sale of its subsidiary PAM Building to Aldebaran, a French institutional investment fund, with Bpifrance (the French Public Investment Bank) taking a minority stake. The transaction was finalized on November 29, 2024. PAM Building specializes in manufacturing sanitary and rainwater drainage solutions for buildings and operates production facilities in Bayard, France, and Telford, United Kingdom. The company employs 400 staff members and achieved revenues of approximately €110 million in 2023.

This strategic divestment aligns with Saint-Gobain’s broader efforts to refine its business portfolio under the “Grow & Impact” plan, emphasizing sustainable growth and operational focus. The decision represents a key step in the group’s ongoing commitment to optimizing its operations and delivering enhanced value across its markets.

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”.

€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries
Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

Media Contacts:

Patricia Marie (+33) 1 88 54 26 83
Laure Bencheikh (+33) 1 88 54 26 38
Yanice Biyogo (+33) 1 88 54 27 96

Saint-Gobain Analyst / Investor Contacts:

Vivien Dardel (+33) 1 88 54 29 77
Floriana Michalowska (+33) 1 88 54 19 09
Alix Sicaud (+33) 1 88 54 38 70
James Weston (+33) 1 88 54 01 24

SOURCE: Saint-Gobain