Disposal

RNS Number : 3493I

Compagnie de Saint-Gobain

01 December 2022

 

 

SAINT-GOBAIN completes the sale of ITS WORLDWIDE

CRYSTALS and DETECTORS BUSINESS

Saint-Gobain has today completed the sale, announced on September 1^st, 2022, of its Crystals and Detectors business - part of High Performance Solutions - to a consortium led by SK Capital Partners associated with Edgewater Capital Partners, both US private equity firms with expertise in advanced materials.

This transaction aims at focusing the Group's High Performance Solutions activities on markets where Saint-Gobain, thanks to its leadership positions and its innovation capabilities, enables its customers to accelerate towards carbon neutrality and circularity. It is part of
Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" plan objectives.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures
and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization
of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".

€44.2 billion in sales in 2021

166,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,
visitwww.saint-gobain.comand follow us on Twitter@saintgobain

 

 

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