Ceramic Industry News

Saint-Gobain Completes Sale of Reinforcements and Composites Businesses (posted 11/6/07)

November 6, 2007
/ Print / Reprints /
ShareMore
/ Text Size+

Saint-Gobain recently announced the completion of the sale of its Reinforcements and Composites businesses (excluding U.S. fiber reinforcement activities) to Owens Corning, effective November 1, 2007, following the approval of the European competition authorities. Originally set to take place in two phases, the first of which was to be a 60-40% joint venture with Owens Corning, the divestment was accelerated in July 2007, resulting in the sale of the entire businesses in a single transaction.

The Textile Solutions business, mainly serving construction markets and posting sales of €520 million (~ $752 million), will remain part of Saint-Gobain’s High-Performance Materials sector.

This transaction, with an enterprise value of $640 million, is part of the Saint-Gobain Group’s strategic plan to focus on construction markets, which began with the acquisition of British Plasterboard in December 2005 and was followed by the sale of Calmar in April 2006 and Desjonquères in March 2007.

Visit www.saint-gobain.com for more information.

Links

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI October 2014 cover

2014 October

Materials advances, refractories and renewable energy - oh, my! Check out our October issue today!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!