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Disposal

15 Sep 2015 07:59

RNS Number : 0604Z
Compagnie de Saint-Gobain
15 September 2015
 



 

 

September 15, 2015

 

 

Sale of Norandex

 

 

Saint-Gobain has signed an agreement to sell its distribution business (Norandex) in the US to ABC Supply Co., Inc., the leading distributor of roofing and siding products.

 

Norandex has a network of 103 branches specializing in windows, doors, siding and roofing products. It has 770 employees and generated sales of US$ 393 million in 2014.

 

This transaction is in line with Saint-Gobain Building Distribution's strategy of optimizing its portfolio by divesting non-core assets and focusing on bolstering its leading positions in Europe and Brazil.

 

The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the fourth quarter 2015.

 

 

ABOUT SAINT-GOBAIN

In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 66 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com  and the twitter account @saintgobain or download the "Saint-Gobain Shareholder" application for tablet and smartphone.

 

 

 

Analyst/Investor relations

 

Press relations

 

Gaetano Terrasini

Vivien Dardel

Marine Huet

 

+33 1 47 62 32 52

+33 1 47 62 44 29

+33 1 47 62 30 93

 

 

Sophie Chevallon Susanne Trabitzsch

 

+33 1 47 62 30 48

+33 1 47 62 43 25

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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