Compagnie de Saint-Gobain Disposal (0604Z)
September 15 2015 - 1:59AM
UK Regulatory
TIDMCOD
RNS Number : 0604Z
Compagnie de Saint-Gobain
15 September 2015
September 15, 2015
Sale of Norandex
Saint-Gobain has signed an agreement to sell its distribution
business (Norandex) in the US to ABC Supply Co., Inc., the leading
distributor of roofing and siding products.
Norandex has a network of 103 branches specializing in windows,
doors, siding and roofing products. It has 770 employees and
generated sales of US$ 393 million in 2014.
This transaction is in line with Saint-Gobain Building
Distribution's strategy of optimizing its portfolio by divesting
non-core assets and focusing on bolstering its leading positions in
Europe and Brazil.
The transaction is subject to clearance under the
Hart-Scott-Rodino Antitrust Improvements Act and is expected to
close in the fourth quarter 2015.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350(th) anniversary,
350 reasons to believe in the future. Backed by its experience and
its capacity to continuously innovate, Saint-Gobain, the world
leader in the habitat and construction market, designs,
manufactures and distributes high-performance and building
materials providing innovative solutions to the challenges of
growth, energy efficiency and environmental protection. With 2014
sales of EUR41 billion, Saint-Gobain operates in 66 countries and
has over 180,000 employees. For more information about
Saint-Gobain, visit www.saint-gobain.com and the twitter account
@saintgobain or download the "Saint-Gobain Shareholder" application
for tablet and smartphone.
Analyst/Investor relations Press relations
----------------------------------------- ------------------------------------------------------------
+33 1 47 62 32
52
+33 1 47 62 44 +33 1 47 62
Gaetano Terrasini 29 30 48
Vivien Dardel +33 1 47 62 30 Sophie Chevallon +33 1 47 62
Marine Huet 93 Susanne Trabitzsch 43 25
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This information is provided by RNS
The company news service from the London Stock Exchange
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