Announced
Completed
Financials
Tags
Completed
France
Acquisition
polystyrene
Private
Single Bidder
Diversified Materials
Majority
Friendly
Synopsis
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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