Under this agreement, the Saint-Gobain Group agreed to sell 100% of Saint-Gobain Desjonquères and its subsidiaries. The Saint-Gobain Group will reinvest a 20% stake in the business.
Being the world leader in the production of glass bottles for the perfume, cosmetics and pharmaceutical industries, the specialty bottles business of saint-Gobain (SG Desjonquères and its subsidiaries) delivered in 2006 consolidated sales of €607 million and operating profit of €50 million. It employs approximately 4,500 people and boasts a global sales and manufacturing network, with production sites in France, Germany, Spain, the US, Brazil, China and Russia.
This transaction values Saint-Gobain Desjonquères at an enterprise value of €690 million.
The sale, which is part of the Saint-Gobain Group’s ongoing business development strategy, has been approved by the relevant competition authorities.