Saint-Gobain gives up its Danish glass processing activities

The Saint-Gobain material group has announced that it has given way its glass processing activities in Denmark to a German manufacturer, as part of its "optimization" strategy of its portfolio.

The Danish activity of Glassolutions, made up of four distribution sites and two production, was sold to the German manufacturer Semcoglas Holding GmbH, specifies the group, without giving the amount of the.

These sites employ around 160 people and have generated turnover of around 30 million euros in 2020. "Cette opération s'inscrit dans la poursuite de la stratégie d'optimisation du portefeuille de Saint-Gobain, visant à améliorer le profil de croissance et de rentabilité du groupe, en ligne avec les objectifs du plan +Grow & Impact+", est-il ajouté dans le communiqué.

In May, the group had sold part of its glass processing activities to Germany to the private group Aequita, which had already bought the activities of Glassolutions in the Netherlands in 2019.

In March 2020, Saint-Gobain had also sold seven glass processing sites based in Germany to an investment fund, after also sold several sites dedicated to the glass in Sweden, Norway and the United Kingdom during the two yearsprevious.

Source: Batirama.com