⌘K
t
Compagnie de Saint-Gobain has entered into an agreement to sell Tadmar, its Polish distribution brand specializing in plumbing, heating, and sanitaryware products, to the Polish company 3W. Tadmar generated revenues of approximately €100 million in 2021, operates around 50 sales outlets, 2 logistic centers, and employs 460 people. The transaction, which marks Saint-Gobain's complete exit from distribution in Poland, is subject to regulatory approval and is expected to be completed by the end of 2022.
| Date | 5 Apr 2022 |
| Time | 17:08:00 |
| Category | Disposals |
| ID | 3808H |
PRESS RELEASE
April 5, 2022
SAINt-Gobain DIVESTS ITS DISTRIBUTION BUSINESS IN POLAND
Saint-Gobain Group has entered into an agreement for the sale of Tadmar, its Polish distribution brand specialized in plumbing, heating and sanitaryware products, to the Polish company 3W.
In 2021, Tadmar generated revenues of around €100 million. It has around 50 sales outlets and 2 logistic centers and employs 460 people.
This divestment marks the complete exit of Saint-Gobain from distribution in Poland.
The finalization of this transaction is subject to approval by the Polish Office for Competition and Consumer Protection and is expected to be completed by the end of 2022.
This transaction is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" plan objectives.
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".
€44.2 billion in sales in 2021
166,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain
visit www.saint-gobain.com and follow us on Twitter @saintgobain
|
Analyst/Investor relations
|
Press relations |
||
|
Vivien Dardel Floriana Michalowska Christelle Gannage Alix Sicaud |
+33 1 88 54 29 77 +33 1 88 54 19 09 +33 1 88 54 15 49 +33 1 88 54 38 70 |
Patricia Marie Susanne Trabitzsch |
+33 1 88 54 26 83 +33 1 88 54 27 96 |