Compagnie de Saint-Gobain Acquisition (3596L)
12 Mayo 2022 - 12:20PM
UK Regulatory
TIDMCOD
RNS Number : 3596L
Compagnie de Saint-Gobain
12 May 2022
SAINT-GOBAIN OPTIMIZES ITS TECHNOLOGICAL POSITIONING TO
ACCELERATE ITS GROWTH IN HIGH PERFORMANCE SOLUTIONS:
- Two targeted acquisitions in specialist window films and high-performance refractories
- Two divestments in traditional ceramic applications
Saint-Gobain announces the closing of two acquisitions in High
Performance Solutions: Global SFC and Monofrax LLC, which represent
around EUR20 million of annual sales.
-- Global SFC is a technological leader in nano-ceramic window
film coatings, located close to Daejeon, South Korea. This
acquisition will allow the enhancement of insulation properties for
the range of films from Solar Gard(R), global leader in innovative
film technologies for solar control and surface protection
addressing the sustainable construction and sustainable mobility
markets.
-- Monofrax LLC is a regional leader in fused cast refractories
in the United States, located in Falconer, New York. This
acquisition will enhance our global footprint and enable further
localization of refractory production close to the end-customer. It
will enable the development of high-end glass melting applications
and further decarbonation of light metal smelting processes.
Saint-Gobain has also entered into binding agreements for the
sale of certain ceramic businesses in Brazil and the United States
mainly destined for the traditional iron and steel industry to the
Japanese company Shinagawa Refractories Corporation. Together they
generated a turnover of around EUR70 million in 2021. The
completion of the transactions is expected by the end of 2022 or
beginning of 2023.
-- The Vinhedo site in the State of São Paulo, Brazil employs more than 300 people.
-- The US site in Latrobe, close to Pittsburgh, employs around 50 people.
These actions aim at focusing the Group's High Performance
Solutions activities on its most important higher growth global
markets - where Saint-Gobain holds a leadership position thanks to
its innovation capabilities, allowing it to accelerate the efforts
of its customers towards carbon neutrality and circularity.
They are part of Saint-Gobain's continued business profile
optimization strategy, in line with the "Grow & Impact" plan
objectives.
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".
EUR44.2 billion in sales in 2021
166,000 employees, locations in 75 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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