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Compagnie de Saint-Gobain — M&A Activity 2019
May 14, 2019
1640_iss_2019-05-14_60c822b4-72a0-46dd-a23b-037715364a68.pdf
M&A Activity
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PRESS RELEASE
May 14, 2019
SAINT-GOBAIN COMPLETES THE SALE OF ITS SILICON CARBIDE BUSINESS
Saint-Gobain announces the completion of the sale of its silicon carbide grains and powders business, which delivers annual sales of around €120 million, to the private equity firm OpenGate Capital.
This transaction is in line with Saint-Gobain's portfolio optimization strategy aimed at divesting businesses representing sales of more than €3.0 billion by end-2019.
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.
€41.8 billion in sales in 2018 Operates in 67 countries More than 180,000 employees
To learn more about Saint-Gobain
go to www.saint-gobain.com and follow us on Twitter @saintgobain
| Analyst/Investor relations | Media relations | ||
|---|---|---|---|
| Vivien Dardel | +33 1 47 62 44 29 | Laurence Pernot | +33 1 47 62 30 10 |
| Floriana Michalowska | +33 1 47 62 35 98 | Patricia Marie | +33 1 47 62 51 37 |
| Christelle Gannage | +33 1 47 62 30 93 | Susanne Trabitzsch | +33 1 47 62 43 25 |