TIDMCOD

RNS Number : 8107M

Compagnie de Saint-Gobain

10 January 2019

PRESS RELEASE

January 10, 2019

Saint-Gobain divests its GlaSS processing and distribution businesses in Norway and sweden

Saint-Gobain has sold its regional glass business Glassolutions Norway and Sweden to Mimir Invest AB, a Swedish investment firm. The divestment will be effective January 11, 2019 and the divested businesses will continue to use the Glassolutions brand under a franchise agreement.

Glassolutions Norway and Sweden manufactures and distributes glass products. This business has delivered an annual turnover of around EUR35 million and employs 170 people. Saint-Gobain will remain present in the region as a supplier of float glass, insulated glass units and high performance glass.

This disposal is part of the Group's announced objective to divest businesses representing sales of at least EUR3 billion by the end of 2019.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

EUR40.8 billion in sales in 2017

Operates in 67 countries

More than 179,000 employees

www.saint-gobain.com

@saintgobain

 
 
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January 10, 2019 12:42 ET (17:42 GMT)

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