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7 Oct 2015 16:54
October 7, 2015
Sale of Gallhöfer Dach GmbH in Germany
Saint-Gobain has signed an agreement with the investment fund Palero GmbH to sell Gallhöfer Dach GmbH, its specialist roofing product distributor in Germany which reported sales of €149 million in 2014.
This transaction, which should be completed by the end of the year, is fully in line with Saint-Gobain Building Distribution's strategy of optimizing its portfolio by divesting non-core assets presenting few synergies with its other businesses, and bolstering its leading positions in Europe and in Brazil.
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 the download tablet and mobile phone app "Saint-Gobain Shareholder".
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