Saint-Gobain divests its glass processing business in Estonia
Saint-Gobain has entered into an agreement for the sale of its regional glass processing business Baltiklaas in Estonia to Polar Glass, a subsidiary of Barrus AS, the largest glued laminated timber manufacturer in Estonia and supplier to window and door producers.
Baltiklaas employs more than 200 people across two sites, located in Tartu and Mäo, with sales of around €25 million in 2021.
The transaction follows other divestments in glass processing since 2018 across Europe with total sales of around €300 million.
]It is part of Saint-Gobain’s continued business profile optimisation strategy, in line with the “Grow & Impact” plan objectives.
It is subject to the approval of the relevant competition authorities and should be finalised in the coming weeks.
Image: Saint-Gobain building
