Compagnie de Saint-Gobain Disposal (0191Y)
01 Septiembre 2022 - 11:47AM
UK Regulatory
TIDMCOD
RNS Number : 0191Y
Compagnie de Saint-Gobain
01 September 2022
SAINT-GOBAIN has entered into an exclusive negotiation process
for the sale of ITS WORLDWIDE
CRYSTALS and DETECTORS BUSINESS
Saint-Gobain announces that it has entered into an exclusive
negotiation process for the sale of its Crystals and Detectors
business - part of High Performance Solutions - to a consortium led
by SK Capital Partners associated with Edgewater Capital Partners,
both US private equity firms with expertise in advanced materials
which have made a binding and irrevocable offer for an enterprise
value of USD 214 million.
The transaction is subject to customary employee consultations.
Its completion is subject to regulatory approvals and is expected
during the fourth quarter of 2022.
The Crystals and Detectors business employs around 400 people,
operates 6 production sites (2 in France, 3 in the United States
and 1 in India) and generated revenues of close to EUR75 million in
2021 with an adjusted EBITDA margin of around 20%. It provides
radiation detection solutions for medical imaging, security,
nuclear safety, oil and gas exploration and environmental
monitoring as well as sapphire products for medical, industrial,
electronics and aerospace applications.
This transaction aims at focusing the Group's High Performance
Solutions activities on markets where Saint-Gobain, thanks to its
leadership positions and its innovation capabilities, enables its
customers to accelerate towards carbon neutrality and circularity.
It is 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 76 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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September 01, 2022 12:47 ET (16:47 GMT)
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