NetComposites

Connecting you to the composites industry

Advertisement

Saint-Gobain Sell Reinforcement and Composites Business to Owens Corning

  • Sunday, 29th July 2007
  • 0 comments
  • Reading time: less than a minute

Saint-Gobain has signed definitive agreements to sell its Reinforcements and Composites activities to Owens Corning.

Total consideration (excluding Saint-Gobain US reinforcement fibre activities which are to be sold independently) amounts to $640 million. The overall 2006 turnover of the activities sold to Owens Corning is EUR715 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.


For more information visit:


Share this article


Categories


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.