Disposal
29 June 2010 - 1:50AM
UK Regulatory
TIDMCOD
RNS Number : 3749O
Compagnie de Saint-Gobain
28 June 2010
June 28, 2010
Saint-Gobain sells its "Advanced Ceramics" business
to CoorsTek for 245 million dollars
Saint-Gobain has signed an agreement for the sale of its "Advanced Ceramics"
business to the US company CoorsTek, for a total (enterprise value) of 245
million US dollars (about 200 million euros). Manufactured and marketed by
Saint-Gobain's Ceramic Materials activity, these products are ceramic
components: hot surface igniters, electro-ceramic parts for household
appliances, ceramic balls for high-performance bearings, automobile water pump
seals, special components for the semiconductor industry, agricultural spray
nozzles, and other dense alumina components. In 2009, Saint-Gobain's "Advanced
Ceramics" business reported sales of 135 million euros, with more than 1,100
employees spread out over 14 sites in the Americas, Europe, and Asia.
Saint-Gobain accepted the offer of CoorsTek, a major global and historic
stakeholder in the advanced ceramics industry, given that this company has the
investment resources and R&D capacity to allow the businesses sold to capitalize
on new synergy for their international development.
With this divestment, Saint-Gobain's Ceramic Materials activity is continuing to
implement dynamic management of its business portfolio by favoring activities
with high technological content, in which it enjoys a leadership position in
terms of innovation and product development.
This divestment is subjected to approval by the US and Brazilian anti-trust
authorities.
More about Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs,
manufactures and distributes building materials, providing innovative solutions
to the challenges of growth, energy efficiency and environmental protection.
With 2009 sales of EUR37.8 billion, Saint-Gobain operates in 64 countries and has
more than 190,000 employees. For more information about Saint-Gobain, please
visit www.saint-gobain.com.
More about CoorsTek
CoorsTek is the leading technical ceramics manufacturer headquartered in North
America with facilities in Europe and Asia. CoorsTek supplies critical
components and complete assemblies for defense, medical, automotive,
semiconductor, aerospace, electronic, power generation, telecommunication, and
other high-technology applications. Utilizing advanced material technologies,
the company's engineered solutions enable its customers' products to overcome
technological barriers and improve performance. For more information about
CoorsTek, please visit www.coorstek.com.
+----------------------------------+---------------------------------+
| Analyst & Investor relations | Press relations |
+----------------------------------+---------------------------------+
| | Sophie Chevallon |
| Florence Triou-Teixeira | +33 1 47 62 30 48 |
| +33 1 47 62 45 19 | Sonia Hauseux |
| Etienne Humbert | +33 1 47 62 37 75 |
| +33 1 47 62 30 49 | |
| Vivien Dardel | |
| +33 1 47 62 44 29 | |
| | |
+----------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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