SAINT-GOBAIN (EPA:SGO) - Saint-Gobain completes the sale of its silicon carbide business
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14/05/2019 18:03
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PRESS RELEASE
May 14, 2019
SAINT-GOBAIN COMPLETES THE SALE OF ITS SILICON CARBIDE BUSINESS
Saint-Gobain announces the completion of the sale of its silicon carbide grains
and powders business, which delivers annual sales of around EUR120 million, to
the private equity firm OpenGate Capital.
This transaction is in line with Saint-Gobain's portfolio optimization strategy
aimed at divesting businesses representing sales of more than EUR3.0 billion by
end-2019.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions
which are key ingredients in the wellbeing of each of us and the future of all.
They can be found everywhere in our living places and our daily life: in
buildings, transportation, infrastructure and in many industrial applications.
They provide comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate change.
EUR41.8 billion in sales in 2018
Operates in 67 countries
More than 180,000 employees
To learn more about Saint-Gobain
go to www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations
Vivien Dardel +33 1 47 62 44 29
Floriana Michalowska +33 1 47 62 35 98
Christelle Gannage +33 1 47 62 30 93
Media relations
Laurence Pernot +33 1 47 62 30 10
Patricia Marie +33 1 47 62 51 37
Susanne Trabitzsch +33 1 47 62 43 25
SAINT-GOBAIN
Headquarters: Les Miroirs * 18, avenue d'Alsace * 92096 * La Défense Cedex *
France * Tel.: +33 1 47 62 30 00
www.saint-gobain.com