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Saint-Gobain Divests Several Glass Processing Businesses In Austria And Germany

Saint-Gobain (CODGF.PK), on Friday, said it entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt - a glass processing business in Germany - to the CALEOGLAS Group.

Together, these businesses generated sales of around €55 million in 2021 and employ more than 320 people, the company stated.

The company expects to close all these transactions by the summer 2022. These transactions are part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" plan objectives.

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