Compagnie de Saint-Gobain Disposal (2424L)
May 12 2022 - 9:12AM
UK Regulatory
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
Analyst/Investor relations Press relations
Vivien Dardel : +33 1 88 54 29 77 Patricia Marie : +33 1 88 54 26 83
Floriana Michalowska : +33 1 88 54 19 09 Susanne Trabitzsch : +33 1 88 54 26 83
Christelle Gannage : +33 1 88 54 15 49
Alix Sicaud : +33 1 88 54 38 70
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DISGZGMKVZFGZZG
(END) Dow Jones Newswires
May 12, 2022 10:12 ET (14:12 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Apr 2023 to Apr 2024