2nd Sep 2024 07:06
SAINT-GOBAIN divests FREEGLASS,
its MANUFACTURING PLASTIC COMPONENTS business
for the automotive industry
Saint-Gobain has completed the sale of "Freeglass GmbH & Co. KG", its business manufacturing exterior plastic components for the automotive industry, to HF Opportunities GmbH, a division of Hannover Finanz.
The business, with its industrial plant located in Schwaikheim in Germany, has been developing and producing plastic polymer components since 1998. It generated sales of close to €20 million in 2023 and employs around 120 people.
This transaction is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" strategic plan.
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".
€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries
Committed to achieving net zero carbon emissions by 2050
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain
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