Saint-Gobain Sells Part of its Glass Fabrication Business in Germany
Saint-Gobain announced the sale of Saint-Gobain Glassolutions Objekt-Center, which specializes in glass fabrication operations as part of the Glassolutions network in Germany, to the German privately-owned AEQUITA group based in Munich.
This sale concerns two sites: Döring Berlin and Radeburg, which employ a total of almost 200 people and generated $24 million in sales in 2020. AEQUITA already purchased the operations of Glassolutions in the Netherlands in 2019. This transaction is part of Saint-Gobain’s continued portfolio optimization strategy to enhance the Group’s growth and profitability profile, say company officials.