Last checked at 3 Jul 2018 09:35
PRESS RELEASE
July 3, 2018
Saint-Gobain Signs Agreement to Purchase Hunter Douglas'North American Ceilings Business
Saint-Gobain has today entered into an agreement to purchase the North American ceilings business of Hunter Douglas, a leading manufacturer of architectural ceilings with two production sites in Norcross, Georgia and Denver, Colorado. The business reported sales of $36 million in 2017.
This acquisition will allow Saint-Gobain to acquire a complete range of innovative aluminum, steel, felt and fiberglass ceiling systems for commercial projects of all types. It is in line with Saint-Gobain's strategy to consolidate its leadership positions and to develop adjacent niches. It will significantly increase the Group's presence in the high-growth architectural specialties market.
The pending transaction is subject to customary closing conditions and is expected to be finalized in July 2018.
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.
€40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com @saintgobain
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