LONDON, UK: Saint-Gobain has signed a binding agreement to sell its wood processing and distribution business in Denmark, Protræ, because of inadequate positioning and lack of critical mass, to its main customer jem & fix.

Protræ employs around 100 people located in two facilities in Rødding and Holsted, and generated sales of around €120 million in 2021.

This transaction is part of Saint-Gobain’s continued business profile optimization strategy, in line with the “Grow & Impact” plan objectives. It is subject to the approval of the relevant competition authorities and should be finalized by the end of the third quarter 2022.