TIDMCOD

RNS Number : 1711R

Compagnie de Saint-Gobain

04 July 2022

 
 
 

SAINT-GOBAIN DIVESTS ITS WOOD PROCESSING AND DISTRIBUTION BUSINESS IN DENMARK

Saint-Gobain has signed a binding agreement to sell its wood processing and distribution business in Denmark, Protræ, because of inadequate positioning and lack of critical mass, to its main customer jem & fix. Protræ employs around 100 people located in two facilities in Rødding and Holsted, and generated sales of around EUR120 million in 2021.

This transaction is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" plan objectives. It is subject to the approval of the relevant competition authorities and should be finalized by the end of the third quarter 2022.

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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July 04, 2022 02:11 ET (06:11 GMT)

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