By Nathan Allen

Compagnie de Saint-Gobain SA (SGO.FR) said Tuesday that it has agreed to buy the North American ceilings business of Hunter Douglas NV (HDG.AE) for an undisclosed amount.

The business manufactures architectural ceilings at two production sites in Georgia and Colorado and posted sales of $36 million in 2017, Saint-Gobain said.

The deal is set to close in July pending regulatory approval, Saint-Gobain said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

July 03, 2018 04:59 ET (08:59 GMT)

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