SAINT-GOBAIN ENTERS INTO EXCLUSIVE NEGOTIATIONS TO SELL ITS CIVIL ENGINEERING
MATERIALS DISTRIBUTION BUSINESS (DMTP) IN FRANCE
Saint-Gobain has entered into exclusive negotiations with Groupe Frans Bonhomme
in connection with the sale of the French company Distribution de Matériaux
pour les Travaux Publics (DMTP) for an enterprise value of EUR70 million.
Specialized in the distribution of mainly concrete products for public works,
civil engineering and infrastructure in France, DMTP has 58 outlets in France
and reported close to EUR250 million in sales and close to EUR3 million in
operating income in 2018. Through this divestment, Saint-Gobain optimizes it
portfolio of distribution businesses in France in order to focus on its
Subject to completion of the information and consultation procedure involving
the relevant employee representative bodies and to approval from the competent
antitrust authorities, the planned divestment could be completed during
fourth-quarter 2019 or first-quarter 2020.
This transaction is part of Saint-Gobain's portfolio optimization strategy,
which aims to divest over EUR3 billion in sales by the end of 2019.
Divestments completed or signed as of today already represent over
EUR2.8 billion in sales.
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.
EUR41.8 billion in sales in 2018
Operations in 68 countries
More than 180,000 employees
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