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Saint-Gobain divests CTD and Ideal Bathrooms

Saint-Gobain has entered into binding agreements for the sale of its specialist tile distributor in the UK – CTD Tile Group to AURELIUS Investments and concluded its exclusive negotiations for the sale of Ideal Bathrooms to Wolseley UK.

These transactions are part of Saint-Gobain’s continued business profile optimization strategy, designed to create a focused portfolio of businesses to support its purpose to Make the World a Better Home, and be the leader in light and sustainable construction.

The divestment of CTD Tile Group, which employs 580 people and generated a turnover of approximately £100 million in 2021, is expected to complete by the end of the first quarter of 2022. Ideal Bathrooms, which generated a turnover of approximately £60 million in 2021 will be divested to Wolseley UK and is expected to complete at the end of April 2022.

On completion of these transactions, Saint-Gobain will no longer have any distribution brands specialized in plumbing, heating, sanitary ware or tile products in the UK following the sale of Neville Lumb, DHS and Bassetts.  

Brands Involved

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