Saint-Gobain (Courbevoie, France; www.saint-gobain.com) has sold part of its glass transformation business, Glassolutionsin Germany, to DIK Deutsche Industriekapital GmbH, a Berlin-based investment firm. The divestment concerns seven sites: Bremen, Flensburg, Freiburg, Kiel, Murr, Potsdam and Rostock. These sites employ a total of 350 people and delivered sales of €45 million in 2019. Saint-Gobain Glassolutions will remain present in Germany through its large glass transformation sites for industrial clients in particular, as well as its sites with specific areas of expertise such as in solar glass or curved glass. This disposal is part of Saint-Gobain’s continued portfolio optimization strategy in the context of its new organization to enhance the Group’s growth and profitability profile.
Saint-Gobain divests part of its glass-processing business in Germany
| By Mary Bailey