Saint-Gobain Group To Sell Saint-Gobain Desjonqueres

Following the search for strategic partners for its specialty bottles business, the Saint-Gobain Group has selected the project of a consortium of two investment funds, Sagard and Cognetas. Under this agreement, the Saint-Gobain Group agreed to sell 100% of Saint-Gobain Desjonqueres and its subsidiaries. The Saint-Gobain Group will reinvest a 20% stake in the business.

Saint-Gobain Desjonqueres employs approximately 4,500 people and has production sites located in France, Germany, Spain, the U.S., Brazil, China and Russia. The transaction values Saint-Gobain Desjonqueres at an enterprise value of $918 million.