Saint Gobain: Sale Of The Reinforcement And Composites Business To Owens Corning For $640 Million

Saint-Gobain announces that definitive agreements to sell its Reinforcements and Composites activities to Owens Corning were signed on the 27th of July, 2007.

Total consideration for the divested assets (excluding Saint-Gobain US reinforcement fiber activities which are to be sold independently) amounts to an enterprise value of $640 million.The overall 2006 turnover of the activities sold to Owens Corning is €715 million.

The closure of the transaction is scheduled by the end of 2007, subject to the agreement of relevant competition authorities. Saint-Gobain’s Textile Solutions business, serving mainly construction markets, will remain part of the Group’s High-Performance Materials sector.

600450 Saint Gobain: Sale Of The Reinforcement And Composites Business To Owens Corning For $640 Million glassonweb.com

See more news about:

Others also read

A bright future is ahead for glass, thanks to a serious focus on innovation, the environment, and sustainability, the industry’s annual prestige awards ceremony at the Millennium Gallery in Sheffield heard. (Thurs 22 November).
Let’s re-live the event highlights together.
Saint-Gobain has approved the most important operation planned in Europe, which will be carried out over the next two years.
The façade of the RAL building in Bonn unmistakeably showcases the identity of the client and user of the building.
Glassolutions’ Installation business has relaunched as Facades & Glazing Solutions UK Ltd (FGS) following its sale to private investment firm CoBe Capital.
SUPERCONTRYX - a lead glass should be an extremely important element of your medical facility’s X-ray protection strategy as it attenuates the effect of radiations significantly.

Add new comment