Compagnie de Saint-Gobain Disposal
01 März 2024 - 6:36PM
RNS Regulatory News
RNS Number : 3449F
Compagnie de Saint-Gobain
01 March 2024
SAINT-GOBAIN DIVESTS ITS
TREATED TIMBER BUSINESSES IN THE UK & IRELAND
Saint-Gobain has signed a binding agreement
for the sale of its treated timber products (utility poles, fencing
and railway sleepers) manufacturing brands: PDM in Ireland and
Calders & Grandidge in the UK - to the Iivari Mononen
Group.
The divested assets, comprising two business
units in Ireland and the UK, generated revenues of €50 million in 2023 and
employ 80 people.
The divestment of PDM completed today, and the
sale of Calders & Grandidge is expected to be completed by the
end of 2024, subject to competition authority
clearance.
These divestments are part of Saint-Gobain's
continued business profile optimization strategy, in line with its
"Grow & Impact" plan.
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".
€47.9 billion in sales in
2023
160,000 employees, locations in 76
countries
Committed to achieving Carbon
Neutrality by 2050
For more information about
Saint-Gobain, visit www.saint-gobain.com
and follow us on X @saintgobain
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Analyst/investor
relations
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Press
relations
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Vivien Dardel:
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+33 1 88 54 29 77
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Patricia Marie:
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+33 1 88 54 26 83
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Floriana Michalowska:
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+33 1 88 54 19 09
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Laure Bencheikh:
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+33 1 88 54 26 38
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Alix Sicaud:
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+33 1 88 54 38 70
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James Weston:
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+33 1 88 54 01 24
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