Saint-Gobain Divests Brüggemann Business
Why we think this is good
The RNS announcement indicates that Saint-Gobain is divesting its Brüggemann business, which generated around €55 million in revenue in 2024. This disposal is part of the company's ongoing strategy to optimize its business profile, suggesting it is a positive move. The transaction appears to be on reasonable terms, with a definitive agreement in place and an expected closing by the end of 2025. While the financial details are not provided, the size of the disposed business relative to Saint-Gobain's overall operations does not seem significant. Overall, this announcement points to a measured and strategic decision by the company.
Key Points
- Saint-Gobain divests Brüggemann, a German prefabricated solutions business
- Brüggemann generated revenues of around €55 million in 2024
- Transaction expected to close by end-2025
- Disposal is part of Saint-Gobain's business profile optimization strategy
Summary
Compagnie de Saint-Gobain S.A. has signed a definitive agreement to sell its Brüggemann business, a specialist in the production and installation of prefabricated solutions, to the German group Köster. Brüggemann operates one plant in Germany and generated revenues of around €55 million in 2024. The transaction is expected to close by the end of 2025 and is part of Saint-Gobain's continued business profile optimization strategy.