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Announced

Completed

HIRSCH Servo Group and BEWiSynbra Group completed the acquisition of the expanded polystyrene unit of Saint-Gobain.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

France

Acquisition

polystyrene

Private

Single Bidder

Diversified Materials

Majority

Friendly

Synopsis

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HIRSCH Servo Group and BEWiSynbra Group, two producers of expandable polystyrene, completed the acquisition of the French expanded polystyrene unit of Saint-Gobain. Financial terms were not disclosed. This transaction is part of Saint-Gobain’s portfolio optimization strategy within the framework of its new organization. Divestments completed or signed by the Group to date in order to enhance its growth and profitability profile represent sales of over €3.2bn ($3.6bn).

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