PRESS RELEASE
July 12, 2021
SAINT-GOBAIN DIVESTS GRAHAM, ITS PLUMBING, HEATING AND SANITARY PRODUCTS SPECIALIST DISTRIBUTION BUSINESS IN THE UNITED KINGDOM
Saint-Gobain has entered into binding agreements for the sale of its Graham Plumbers' Merchant business in the UK. This business is a specialist distributor for plumbing, heating and sanitary products. With about 130 outlets and 840 employees, it generated a turnover of approximately €260 million in 2020.
The majority of the Graham outlets, as well as the Graham brand name and website name will be divested to UK Plumbing Supplies, and a smaller number of branches will be divested to Wolseley.
The transactions are expected to be completed over the coming weeks and are part of Saint-Gobain's continued portfolio optimization strategy to enhance the Group's growth and profitability profile.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.
€38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter @saintgobain
|
Analyst/Investor relations
|
Press relations | ||
| Vivien Dardel Floriana Michalowska Christelle Gannage | +33 1 88 54 29 77 +33 1 88 54 19 09 +33 1 88 54 15 49 | Patricia Marie Bénédicte Debusschere Susanne Trabitzsch | +33 1 88 54 26 83 +33 1 88 54 14 75 +33 1 88 54 27 96 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
