LONDON: Saint-Gobain announced the signature of an agreement concerning PAM China, pursuant to which the Group is selling 67% of its Pipe business in China to a consortium led by local management. The transaction should close during summer 2021 and values the company at around €100 million. PAM China comprises a production facility in Ma’anshan,…
Tag: Saint-Gobain
Saint-Gobain invests €45 million in a new manufacturing line in Romania
LONDON: Saint-Gobain has announced the construction of a second plasterboard manufacturing line in its Turda plant, in northern Romania. This €45 million investment aims to considerably increase the plasterboard manufacturing capacity in Romania in order to meet the rapidly growing local needs as well as those of the Central and Eastern European countries, and to…
Saint-Gobain strengthens its partnership with El Volcan in Latin America
LONDON: Saint-Gobain and the El Volcan group have signed an agreement covering their operations in Peru (mortars and plasterboard) and in Argentina (plaster and plasterboard), together representing approximately €60 million in sales, 6 plants and 450 employees. This transaction enables Saint-Gobain to strengthen its partnership with the El Volcan group by extending it into two…
Saint-Gobain to acquire Continental Building Products for $1.4bn
LONDON: Saint-Gobain and Continental Building Products have entered into a definitive agreement pursuant to which Saint-Gobain will acquire all of the outstanding shares of Continental Building Products for $37.00 per share, in cash, in a transaction valued at approximately $1.4 billion (approximately €1.3 billion). The business combination has been unanimously approved by the Board of…