DIK Deutsche Industriekapital to acquire German glass processing operations of Saint-Gobain.

Investment firm DIK Deutsche Industriekapital agreed to acquire German glass processing operations of Saint-Gobain, a provider of construction, high-performance, and other materials. Financial terms were not disclosed. Saint-Gobain Glassolutions will remain present in Germany through its large glass transformation sites for industrial clients in particular, as well as its sites with specific areas of expertise such as in solar glass or curved glass. This disposal is part of Saint-Gobain's continued portfolio optimization strategy in the context of its new organization to enhance the Group's growth and profitability profile.