Disposal

RNS Number : 0260Z

Compagnie de Saint-Gobain

14 May 2019

 

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 Floriana Michalowska Christelle Gannage	[phone]  [phone]  [phone]	Laurence Pernot Patricia Marie Susanne Trabitzsch	[phone]  [phone]  [phone]

 

 

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