on SAINT-GOBAIN (EPA:SGO)
Saint-Gobain Divests Freeglass, Its Automotive Plastic Components Business
Saint-Gobain has officially sold its subsidiary, Freeglass GmbH & Co. KG, a manufacturer of exterior plastic components for the automotive industry. The buyer, HF Opportunities GmbH, is a division of Hannover Finanz.
Established in 1998, Freeglass operates an industrial plant in Schwaikheim, Germany. The company generated nearly €20 million in sales in 2023 and employs around 120 people.
This transaction aligns with Saint-Gobain's strategic plan, "Grow & Impact," which focuses on optimizing the company's business portfolio.
R. P.
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