Saint-Gobain Sells Its Fiber Cement Siding Business
PARIS, December 19, 2013
PARIS, December 19, 2013 /PRNewswire/ --
Saint-Gobain has signed an agreement for the sale of its U.S.-based Fiber
Cement siding business to Plycem USA, a subsidiary of Elementia of Mexico.
This business is part of Saint-Gobain's Exterior Products activity of the
Construction Products Sector. It manufactures and sells fiber cement siding,
trim and accessory products for the U.S. and Canadian residential and
commercial construction markets. The business employs close to 250 people and
has three production sites in the United States: Roaring River, North
Carolina; Terre Haute, Indiana; and White City, Oregon.
With this divestiture, Saint-Gobain's Exterior Products Siding business will
focus its efforts on its vinyl and polymer shake siding cladding businesses
that hold prominent positions in the North American exterior cladding market.
This transaction is expected to be finalized in the 1^st quarter of 2014,
subject to standard closing conditions.
Saint-Gobain, the world leader in the habitat and construction markets,
designs, manufactures and distributes high-performance building materials,
providing innovative solutions to the challenges of growth, energy efficiency
and environmental protection. With 2012 sales of €43.2 billion, Saint-Gobain
operates in 64 countries and has nearly 193,000 employees. For more
information about Saint-Gobain, visithttp://www.saint-gobain.com.
Elementia is a Mexican Consortium of leading industrial and construction
companies which provides great technology in essential solutions for fiber
cement, cement, concrete, polyethylene, styrene, polypropylene and copper
applications. Elementia has four divisions: Metals, Building Systems,
Plastics, and Cement, and has a presence in over 40 countries in the Americas
and Europe with more than 5,000 distribution centers.
Analyst / Investor Relations
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