NetComposites
Juniar Spraybooths

Saint-Gobain Now Plans to Sell Reinforcement and Composites Business to Owens Corning

23 July 2007

Discussions regarding the plan to merge Saint-Gobain’s Reinforcements and Composites activities (part of Vetrotex) with the Reinforcements business of Owens Corning, are now focusing on a sale, rather than a jointly-owned company.

Saint-Gobain has retained its US reinforcement fiber activities based at Wichita Falls, Texas, which will be sold independently of the entities sold to Owens Corning.

In response to the concerns voiced by the European Commission, Owens Corning has today made public its plans to divest its industrial entities in Belgium and Norway.

A consultation process is underway with the relevant employee representative bodies. The closure of this transaction would be scheduled by the end of 2007, and would be subject to the agreement of the competition authorities in Europe.

As initially planned, Saint-Gobain’s Textile Solutions business, serving mainly construction markets, will remain part of the Group’s High-Performance Materials sector.






Related / You might like...

Composites Europe 2018 Highlights Contributions of Composites to Sport

Applications for composites in the sports and leisure sector will be showcased by various exhibitors at Composites Europe in Stuttgart, Germany, on 6-8 November.

Composites in Sport 2018 Publishes Conference Programme

The programme has been announced for the second Composites in Sport Conference and Exhibition, being held at Loughborough University, UK, on 3-4 October 2018.