TIDMCOD

RNS Number : 2307E

Compagnie de Saint-Gobain

05 July 2021

PRESS RELEASE

July 5, 2021

SAINT-GOBAIN DIVESTS DISTRIBUTION BUSINESSES IN SPAIN

Saint-Gobain has finalized the sale of two distribution brands in Spain: La Plataforma de la Construccion to the BigMat group and Discesur to Group Jorge Fernandez in association with Group Terrapilar. With 16 outlets and close to 700 employees, these two brands realized a turnover of approximately EUR140 million in 2020.

These transactions come after the sale of the Sanigrif and Saniplast brands announced in February 2021. They are part of Saint-Gobain's continued portfolio optimization strategy to enhance the Group's growth and profitability profile.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 70 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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July 05, 2021 12:07 ET (16:07 GMT)

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