Compagnie de Saint-Gobain Disposal (4948V)
13 Dicembre 2021 - 6:06PM
UK Regulatory
TIDMCOD
RNS Number : 4948V
Compagnie de Saint-Gobain
13 December 2021
PRESS RELEASE
December 13, 2021
SAINT-GOBAIN EXITS PLUMBING, HEATING AND SANITARYWARE PRODUCTS
SPECIALIST DISTRIBUTION IN THE UNITED KINGDOM
Saint-Gobain has entered into binding agreements for the sale of
three of its remaining four UK distribution brands specialized in
plumbing, heating and sanitaryware products to Wolseley UK: Neville
Lumb, DHS and Bassetts. Completion is expected in early 2022.
Saint-Gobain has also entered into exclusive negotiations for
the sale of Ideal Bathrooms, its remaining UK distribution brand
specialized in plumbing, heating and sanitaryware products, with
Wolseley UK.
Together, these four brands employ 485 people and have 25
outlets, generating a turnover of approximately EUR130 million in
2020.
On successful completion of these transactions, given the
divestment of Graham (turnover of approximately EUR260 million in
2020, 130 outlets) in August 2021, Saint-Gobain will no longer have
any distribution brands specialized in plumbing, heating and
sanitaryware products in the UK.
These transactions are part of Saint-Gobain's continued
portfolio optimization strategy to enhance the Group's growth and
profitability profile in line with the "Grow & Impact" plan
objectives.
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 72 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
Analyst/Investor relations Press relations
+33 1 88 54 +33 1 88 54
29 77 26 83
+33 1 88 54 Patricia Marie + 33 1 88 54
Vivien Dardel 19 09 Bénédicte 14 75
Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
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END
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December 13, 2021 12:06 ET (17:06 GMT)
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