Compagnie de Saint-Gobain Disposal (7302C)

TIDMCOD

RNS Number : 7302C

Compagnie de Saint-Gobain

19 June 2019

PRESS RELEASE

June 19, 2019

SAINT-GOBAIN divests its OPTIMERA distribution

business in DENMARK

Saint-Gobain has signed an agreement with Davidsens Tommerhandel to sell its Optimera construction materials distribution business in Denmark.

Optimera Denmark has 17 outlets as well as construction materials warehouses and logistics centers, and had sales of around EUR120 million in 2018.

Saint-Gobain retains a strong presence in Denmark's distribution market through its Brødrene Dahl brand.

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. The transaction should be effective during the second half of 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

Operations in 67 countries

More than 180,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain

 
 
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June 19, 2019 02:54 ET (06:54 GMT)