SAINT-GOBAIN COMPLETES THE DIVESTMENT OF ITS CONSTRUCTION GLASS BUSINESS IN
Saint-Gobain completed the sale of its construction glass activity in South
Korea (Hankuk Glass Industries) to Glenwood Private Equity on December 19,
The business generated revenues of around EUR200 million and operating income
of EUR10 million in 2018. The divestment was based on an enterprise value of
around EUR240 million.
This transaction is part of Saint-Gobain's portfolio optimization strategy
within the framework of its new organization. Divestments completed or signed
by the Group to date in order to enhance its growth and profitability profile
represent sales of around EUR3.3 billion. Saint-Gobain is continuing its
divestment program even though the initial target of over EUR3 billion in sales
divested by the end of the year has already been met.
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
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