Compagnie de Saint-Gobain

M&A Activity • Feb 15, 2021

PRESS RELEASE

February 15, 2021

SAINT-GOBAIN DIVESTS DISTRIBUTION BUSINESSES IN SPAIN AND ITALY

Saint-Gobain has completed in Spain the sale of Sanigrif, its plumbing, heating and sanitary distribution business, and the sale of Saniplast, its civil engineering materials distribution business.

Sanigrif comprises 12 outlets, employs 120 people, and has annual sales of around €50 million, while Saniplast comprises 20 outlets, employs 100 people, and has annual sales of around €40 million.

In 2020, the Group had also divested its distribution business in Italy, which had annual revenues of around €15 million.

These divestments are part of Saint-Gobain's continued portfolio optimization strategy in the context of its new organization to enhance the Group's growth and profitability profile.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

€42.6 billion in sales in 2019 Operates in 70 countries More than 170,000 employees

For more information about Saint-Gobain Visit www.saint-gobain.com and follow us on Twitter @saintgobain

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