German flat glass processing sites sold
Saint-Gobain has sold part of its glass transformation business Glassolutions in Germany to DIK Deutsche Industriekapital GmbH, a Berlin-based investment firm. The deal concerns sites in 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 optimisation strategy in the context of plans to enhance the group’s growth and profitability profile.