TIDMCOD

RNS Number : 7246A

Compagnie de Saint-Gobain

04 February 2022

PRESS RELEASE

February 4, 2022

SAINT-GOBAIN DIVESTS ITS GLASS PROCESSING BUSINESS IN ESTONIA

Saint-Gobain has entered into an agreement for the sale of its regional glass processing business Baltiklaas OÜ in Estonia to Polar Glass OÜ, a subsidiary of Barrus AS, the largest glued laminated timber manufacturer in Estonia and supplier to window and door producers. Baltiklaas OÜ employs more than 200 people across two sites, located in Tartu and Mäo, with sales of around EUR25 million in 2021.

This transaction follows a number of other divestments in glass processing by the Group since 2018 in Europe with total sales of around EUR300 million divested.

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 in the coming weeks.

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".

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 72 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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February 04, 2022 02:05 ET (07:05 GMT)

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