Saint-Gobain: divests businesses in the UK

(CercleFinance.com) - Saint-Gobain has announced that it has signed definitive agreements to sell International Decorative Surfaces (IDS), its specialist flooring, worktop and laminate distribution business in the UK, to Chiltern Capital.


In addition, the building materials supplier has signed definitive agreements for the disposal of two glass processing sites specialising in the production of double glazing, located in Motherwell (Scotland) and Canterbury.

The transactions, which are part of the group's profile optimisation strategy, are expected to be completed by the end of Q2 2022 and mark Saint-Gobain's exit from all of its UK specialist distribution businesses.


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