TIDMCOD

RNS Number : 2424L

Compagnie de Saint-Gobain

12 May 2022

 
 
 

SAINT-GOBAIN DIVESTS SPECIALIST FLOORING DISTRIBUTOR AND

TWO GLASS PROCESSING FACILITIES IN THE UNITED KINGDOM,

Saint-Gobain has entered into binding agreements for the sale of International Decorative Surfaces (IDS), its specialist flooring, worktop and laminate distributor in the UK to Chiltern Capital. IDS employs 500 people and has 17 distribution hubs and makeover centers, generating a turnover of approximately EUR130 million in 2021.

In addition, Saint-Gobain has also reached binding agreements for the divestment of two UK Glass processing facilities specialized in the manufacturing of double-glazed units. The two sites in Motherwell, Scotland and Canterbury together generated sales of approximatively EUR20 million in 2021, and employ around 80 people.

Completion of these divestments is expected by the end of the second quarter of 2022 and marks the exit of Saint-Gobain from all specialist UK distribution brands.

These transactions are part of Saint-Gobain's continued business profile optimization strategy, consistent 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".

EUR44.2 billion in sales in 2021

166,000 employees, locations in 75 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

 
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May 12, 2022 10:12 ET (14:12 GMT)

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