Saint-Gobain has sold two of their European glass processing companies. One in France, to a former manager of Saint-Gobain, and one in Germany. This is the official statement from the company:
SAINT-GOBAIN DIVESTS CERTAIN GLASS PROCESSING BUSINESSES IN FRANCE AND IN GERMANY
Saint-Gobain announces the sale of the French company Aurys, which specializes in shaping and processing of flat glass, to a former manager of Saint-Gobain. The Group has also sold the German company GVG Deggendorf, which specializes in tempered glass, to the Swiss Arbonia group.
Aurys employs around 145 people at its Carentan-les-Marais (Manche) site and generated around €20 million in sales in 2020.
The Deggendorf site in Bavaria employs 160 people and achieved a turnover of around €20 million in 2020.
This transaction is part of Saint-Gobain’s continued portfolio optimization strategy to enhance the Group’s growth and profitability profile.
The company is seeking to streamline their portfolio and increase their profitability. Saint-Gobain is one of the worlds largest construction materials companies and employs more than 167,000 people in over 70 countries. In 2020 the company turned over €38.1 billion.
Saint-Gobain is currently in the process of upgrading its site at Eggborough that started earlier in the year. Once the plant is back online it is hoped that the extra supply from the Eggborough site will help to relieve some of the pressures on the supply of glass in the UK fenestration sector.
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