SAINT-GOBAIN COMPLETES THE SALE OF ITS DISTRIBUTION ACTIVITY IN GERMANY
Saint-Gobain today announces the completion of the sale of Saint-Gobain
Building Distribution Deutschland (SGBDD) to the Stark Group.
In 2018 SGBDD generated revenues of EUR1,924 million and operating income of
EUR21 million; the divestment is based on an enterprise value of EUR335
million. The finalization of this transaction follows the approval of the
European competition authority received on September 6, 2019.
The completion of this transaction marks an important milestone in the
execution of Saint-Gobain's portfolio optimization strategy: with over EUR3
billion in sales completed or signed as of today, the objective announced for
the end of 2019 has already been reached.
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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