Compagnie de Saint-Gobain Acquisition (2855Y)
11 Mayo 2021 - 11:09AM
UK Regulatory
TIDMCOD
RNS Number : 2855Y
Compagnie de Saint-Gobain
11 May 2021
PRESS RELEASE
May 11, 2021
SAINT-GOBAIN ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH chausson
FOR THE ACQUISITION OF Panofrance, a specialist distributor of
TIMBER AND PANELS
Saint-Gobain announces that it has entered into exclusive
negotiations with the Chausson Group with a view to acquiring the
French company Panofrance, a specialist distributor of timber and
panels for the construction and furnishing industries.
Panofrance had sales of approximately EUR160 million in 2020,
around 30 points-of-sale throughout France and more than 600
employees. It will complement Dispano, a Saint-Gobain subsidiary
specialized in the trade of timber products and by-products with 46
points-of-sale in France and sales of EUR380 million in 2020.
This acquisition will allow Saint-Gobain to increase the density
of its geographical footprint on the fast-growing market of
timber-based building systems providing lightweight and
rapid-implementation solutions. The strongly favorable outlook for
timber products is underpinned by the new RE2020 environmental
regulation in France, set to come into force on January 1, 2022,
and by upbeat momentum on markets for renovation based on
timber-frame extensions and building elevations. Thanks to its
acquired purchasing experience and the strict implementation of its
timber policy, Saint-Gobain can ensure the development of an offer
incorporating timber from sustainably managed forests.
Following the recent acquisition of timber construction
specialist Brüggemann in Germany, Saint-Gobain therefore continues
to grow on this dynamic lightweight construction market thanks to
its solutions for sustainability and performance.
Following completion of the information and consultation
procedure with the employee representative bodies, and subject to
the approval of the relevant competition authorities, this project
is expected to be finalized in the fourth quarter of 2021.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions for the construction, mobility, healthcare and other
industrial application markets. Developed through a continuous
innovation process, they can be found everywhere in our living
places and daily life, providing wellbeing, performance and safety,
while addressing the challenges of sustainable construction,
resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain
purpose, "MAKING THE WORLD A BETTER HOME", which responds to the
shared ambition of all the women and men in the Group to act every
day to make the world a more beautiful and sustainable place to
live in .
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 70 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
Analyst/Investor relations Press relations
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29 77 26 83
+33 1 88 54 Patricia Marie +33 1 88 54
Vivien Dardel 19 09 Bénédicte 14 75
Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
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END
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May 11, 2021 12:09 ET (16:09 GMT)
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