Saint-Gobain Signs Agreement to Purchase Hunter Douglas’ North American Ceilings Business
Company Press Release
Saint-Gobain has entered into an agreement to purchase the North American ceilings business of Hunter Douglas, a leading manufacturer of architectural ceilings with two production sites in Norcross, Georgia and Denver, Colorado. The business reported sales of $36 million in 2017.
This acquisition will allow Saint-Gobain to acquire a complete range of innovative aluminum, steel, felt and fiberglass ceiling systems for commercial projects of all types. It is in line with Saint-Gobain’s strategy to consolidate its leadership positions and to develop adjacent niches. It will significantly increase the Group’s presence in the high-growth architectural specialties market.
The pending transaction is subject to customary closing conditions and is expected to be finalized in July 2018.
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
Vivien Dardel – Investor Relations/Analyst – +33 1 47 62 44 29
Source: Compagnie de Saint-Gobain