Saint-Gobain signs agreement to sell its wood processing and distribution business in Denmark, Protræ
Saint-Gobain has signed a binding deal to sell its wood processing and distribution business in Denmark, Protræ because of inadequate positioning and lack of critical mass to its main customer jem & fix.
Saint-Gobain’s “Grow & Impact” strategy
The deal is part of Saint-Gobain’s ongoing business profile optimisation strategy, in line with the “Grow & Impact” plan objectives.
The agreement is subject to the approval of the relevant competition authorities.
It is due to be finalised by the end of the third quarter 2022.
Protræ employs around 100 people in two facilities – Rødding and Holsted – and generated sales of around €120 million in 2021.
Saint-Gobain is a 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 decarbonisation of construction and industry are developed through a continuous innovation process and provide sustainability and performance.
The Group made €44.2 billion in sales in 2021 and employs 166,000 employees in 75 countries. It is committed to achieving Carbon Neutrality by 2050.
Saint-Gobain’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.