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Saint-Gobain UK & Ireland divests International Decorative Surfaces and two Glass processing facilities

Saint-Gobain has entered into binding agreements for the sale of International Decorative Surfaces (IDS) and for the divestment of two UK Glass processing facilities which specialise in the manufacture of double-glazed units.

Mike Chaldecott, Chief Executive of Saint-Gobain UK & Ireland said:

“These sales are part of our continued business profile optimisation strategy, consistent with the “Grow & Impact” plan objectives. Re-shaping the Group’s portfolio of businesses will enable the business to be more focused towards our vision, to be the leader in light and sustainable construction, and help us Make the World a Better Home."

 

IDS, a specialist flooring, worktop and laminate distributor in the UK is being sold to Chiltern Capital. The two UK Glass processing facilities in Motherwell, Scotland and Canterbury is being divested to Clayton Glass. Completion of these divestments is expected by the end of the second quarter of 2022.

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