Compagnie de Saint-Gobain Disposal (1711R)
July 04 2022 - 1:11AM
UK Regulatory
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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END
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