PARIS, February 10, 2015 /PRNewswire/ --
As part of its ongoing portfolio
optimization, Saint-Gobain Building Distribution has disposed of
two non-core businesses that lacked synergies with the rest of its
operations: Meyer Decorative Surfaces (MDS) in the United States and Ashworth in the
United Kingdom.
MDS is a regional US one-stop distributor of a broad range of
surfacing and complementary products for the kitchen and bathroom
sectors (wood products, laminates and related products). It had 15
branch locations and 200 employees in Georgia, North
Carolina, South Carolina,
Tennessee and Virginia. It generated sales of $66m in 2014. The MDS business assets were sold
on December 31, 2014 to Rugby
Architectural Building Products.
The Ashworth business distributes pipes, valves and fittings to
the mechanical services and process industries, trading from six
sites with 135 employees in the United
Kingdom. In 2014, it generated sales of £32m. The deal was
signed on February 5, 2015 with GIL
Investments, with a completion date of February 28, 2015.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its
350th anniversary
- 350 reasons to believe in the future. Backed by its
experience and its capacity to continuously innovate, Saint-Gobain,
the world leader in the habitat and construction market, designs,
manufactures and distributes high-performance and building
materials providing innovative solutions to the challenges of
growth, energy efficiency and environmental protection. With 2013
sales of €42 billion, Saint-Gobain operates in 64 countries and has
nearly 190,000 employees. For more information about Saint-Gobain,
visit http://www.saint-gobain.com and the
Twitter
account @saintgobain, or download the "Saint-Gobain
Shareholder" application for tablet and
smartphone.
Analyst/Investor Relations
Gaetano Terrasini
+33-1-47-62-32-52
Vivien Dardel
+33-1-47-62-44-29
Marine Huet
+33-1-47-62-30-93
Media Relations
Sophie Chevallon
+33-1-47-62-30-48
Susanne Trabitzsch
+33-1-47-62-43-25
SOURCE Saint-Gobain