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Saint-Gobain Divests Swiss Glass Fabrication Business

Saint-Gobain signed a binding agreement for the sale of its glass fabrication business, Glassolutions, in Switzerland to the privately-owned German group AEQUITA.

The business generated sales of around $27 million in 2022 and employs approximately 70 people at its production site in Kreuzlingen. This transaction, expected to close by the end of May 2023, is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" strategic plan, say company officials.