Saint Gobain Or Regulatory News (COD)

RNS Number : 3596L

Compagnie de Saint-Gobain

12 May 2022

 

 

 

SAINT-GOBAIN OPTIMIZES ITS TECHNOLOGICAL POSITIONING TO ACCELERATE ITS GROWTH IN HIGH PERFORMANCE SOLUTIONS:

 

- Two targeted acquisitions in specialist window films and high-performance refractories

- Two divestments in traditional ceramic applications

 

 

Saint-Gobain announces the closing of two acquisitions in High Performance Solutions: Global SFC and Monofrax LLC, which represent around €20 million of annual sales.

· Global SFC is a technological leader in nano-ceramic window film coatings, located close to Daejeon, South Korea. This acquisition will allow the enhancement of insulation properties for the range of films from Solar Gard®, global leader in innovative film technologies for solar control and surface protection addressing the sustainable construction and sustainable mobility markets.

· Monofrax LLC is a regional leader in fused cast refractories in the United States, located in Falconer, New York. This acquisition will enhance our global footprint and enable further localization of refractory production close to the end-customer. It will enable the development of high-end glass melting applications and further decarbonation of light metal smelting processes.

 

Saint-Gobain has also entered into binding agreements for the sale of certain ceramic businesses in Brazil and the United States mainly destined for the traditional iron and steel industry to the Japanese company Shinagawa Refractories Corporation. Together they generated a turnover of around €70 million in 2021. The completion of the transactions is expected by the end of 2022 or beginning of 2023.

· The Vinhedo site in the State of São Paulo, Brazil employs more than 300 people.

· The US site in Latrobe, close to Pittsburgh, employs around 50 people.

 

These actions aim at focusing the Group's High Performance Solutions activities on its most important higher growth global markets - where Saint-Gobain holds a leadership position thanks to its innovation capabilities, allowing it to accelerate the efforts of its customers towards carbon neutrality and circularity.

 

They are 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, manufacturesand 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 decarbonizationof 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 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

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