Saint-Gobain has announced that it plans to sell its fibre cement siding business to Plycem USA, a subsidiary of Mexican company Elementia. The transaction is due to be finalised in 1Q14, subject to closing conditions.
The US-based fibre cement business forms part of Saint-Gobain’s Exterior Products Division, which falls under its Construction Products Sector. The business manufactures and sells fiber cement siding, trim and accessory products to the residential and commercial construction markets in the US and Canada. It comprises three production sites located in North Carolina, Indiana and Oregon and employs around 250 people.
Following the sale, Saint-Gobain’s Exterior Products siding operations will focus on its vinyl and polymer shake siding cladding businesses.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/20122013/saint_gobain_to_sell_fibre_cement_business_537/