VALLEY FORGE, Pa.--(BUSINESS WIRE)--Saint-Gobain has signed an agreement to sell its distribution business (Norandex) in the US to ABC Supply Co., Inc., the leading distributor of roofing and siding products.
Norandex has a network of 103 branches specializing in windows, doors, siding and roofing products. It has 770 employees and generated sales of US$ 393 million in 2014.
This transaction is in line with Saint-Gobain Building Distribution’s strategy of optimizing its portfolio by divesting non-core assets and focusing on bolstering its leading positions in Europe and Brazil.
The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the fourth quarter 2015.
In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 66 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com and the twitter account @saintgobain or download the “Saint-Gobain Shareholder” application for tablet and smartphone.
About Saint-Gobain in North America
For 350 years, Saint-Gobain, the world leader in sustainable environments, has designed and manufactured high-performance building materials that improve the lives of people the world over. From the Hall of Mirrors at Versailles and the glass pyramid at the Louvre, to the Statue of Liberty and the World Trade Center, and even components that allow the Mars Rover Curiosity to seek out life on another planet, Saint-Gobain has been a part of the fabric of human history, advancement and improvement for three and a half centuries – and 2015 is the company’s commemorative year.
In North America, the company upholds this rich history of innovation by making a difference in the spaces where people work, live, play, heal and learn. Along with its North American headquarters in Valley Forge, Pennsylvania, Saint-Gobain has more than 250 locations in North America and approximately 15,000 employees. In the United States and Canada, Saint-Gobain reported sales of approximately $6.2 billion in 2014. Join Saint-Gobain in a celebration of the company’s 350 years of innovation, wonders and advancements by visiting www.saint-gobain-northamerica.com and www.futuresensations.com or connect with Saint-Gobain North America on Facebook and Twitter.