Saint-Gobain Vetrotex America To Be Sold

On July 27, Saint-Gobain and Owens Corning announced plans to establish a joint venture, bringing together the two companies’ reinforcements and composites businesses.

This partnership would establish a global company in reinforcement and composite fabric products with worldwide revenues of approximately $1.8 billion.

After analyzing the possible regulatory issues relating to the proposed joint venture, Saint-Gobain has decided that Saint-Gobain Vetrotex America will be excluded from the joint venture. Saint-Gobain is therefore announcing today its intention to divest its Vetrotex America business, which employs 760 people at 4515, Allendale Road, Wichita Falls, Texas.

Ron Lane, President of Saint-Gobain Vetrotex America, said: “Saint-Gobain Vetrotex America is a strong and viable business, with a dedicated, experienced workforce. We believe that a new owner will be able to continue fostering new growth opportunities in key markets and provide a stable long term future for the business and its employees. We will work closely with our employees to ensure a smooth transition to the new ownership.”

The international Saint-Gobain Group, based in Paris, France, specializes in the design, production and distribution of construction and high performance materials. Established in more than 50 countries, it is the market leader in each of its core businesses. In 2005, it achieved sales of more than $40 billion with around 200,000 employees worldwide.

600450 Saint-Gobain Vetrotex America To Be Sold

See more news about:

Others also read

Jumbo Glass: Bigger is Just the Beginning
Building design is constantly changing. Today, strict energy codes and ambitious designs are urging architects to evolve their designs, and manufacturers must provide solutions for these emerging challenges.
AAMA National News Reviewed at Western Region Summer Summit
At the AAMA Western Region Summer Summit, Janice Yglesias, AAMA Executive Vice President, provided an overview of national developments for a range of topics, including AAMA’s education programs, the AAMA Field Test Agency Accreditation Program, ENERGY STAR®, codes and more.
Greco Aluminum Railings Awarded Railing Package on 30-Story Apartment Tower in Phoenix
Greco Aluminum Railings is pleased to announce that it will be engineering, fabricating and providing all of the glass railings for the LINK PHX 30-story apartment tower in Phoenix, AZ.
Corning to Invest in Manufacturing Facility for Automotive Glass Solutions
Retrofitted facility will be third Corning manufacturing site in Hefei, China.
Pleotint launched its new website for their Suntuitive® Dynamic Glass product line
Pleotint, LLC, is pleased to announce the launch of a new website for their Suntuitive® Dynamic Glass product line.
Innovative bird-friendly glass featuring Starphire glass among highlights of renovated Tropical Rainforest
National Aviary’s new bird habitat unveiled after extensive renovation.

From industry

10924 Granite Street, Suite 200
Charlotte, NC 28273
United States


HHH Tempering Resources, Inc.
Diamon-Fusion International, Inc.
Trex Commercial Products
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.

Add new comment