PARIS, December 19, 2013 /PRNewswire/ --
Saint-Gobain has signed an agreement for the sale of its U.S.-based Fiber Cement siding business to Plycem USA, a subsidiary of Elementia of Mexico.
This business is part of Saint-Gobain's Exterior Products activity of the Construction Products Sector. It manufactures and sells fiber cement siding, trim and accessory products for the U.S. and Canadian residential and commercial construction markets. The business employs close to 250 people and has three production sites in the United States: Roaring River, North Carolina; Terre Haute, Indiana; and White City, Oregon.
With this divestiture, Saint-Gobain's Exterior Products Siding business will focus its efforts on its vinyl and polymer shake siding cladding businesses that hold prominent positions in the North American exterior cladding market.
This transaction is expected to be finalized in the 1st quarter of 2014, subject to standard closing conditions.
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes high-performance building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2012 sales of €43.2 billion, Saint-Gobain operates in 64 countries and has nearly 193,000 employees. For more information about Saint-Gobain, visithttp://www.saint-gobain.com.
About Elementia
Elementia is a Mexican Consortium of leading industrial and construction companies which provides great technology in essential solutions for fiber cement, cement, concrete, polyethylene, styrene, polypropylene and copper applications. Elementia has four divisions: Metals, Building Systems, Plastics, and Cement, and has a presence in over 40 countries in the Americas and Europe with more than 5,000 distribution centers.
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SOURCE Saint-Gobain
