- Saint-Gobain is negotiating the sale of PAM Building to Aldebaran, with Bpifrance holding a minority stake.
Tue Sep 10 17:15:57 -0000 2024 UTC– Saint-Gobain is in exclusive negotiations to sell its subsidiary, PAM Building, to the French investment fund Aldebaran, a French investment fund, with a minority share from Bpifrance, the French public investment bank.
PAM Building is Saint-Gobain PAM’s subsidiary dedicated to the manufacturing of sanitary and rainwater drainage solutions for buildings.
Paris, 🇫🇷 France
Saint-Gobain has entered exclusive negotiations to sell its subsidiary, PAM Building, to Aldebaran, a French institutional investment fund, with a minority stake from Bpifrance, the French Public Investment Bank.
Streamlining Operations
PAM Building, which produces sanitary and rainwater drainage solutions, operates two plants in Bayard, 🇫🇷 France, and Telford, 🇬🇧 United Kingdom. The company employs 400 people and reported €110 million in revenues for 2023.
Strategic Shift
The sale will enable Saint-Gobain PAM to concentrate on its core business of water transport and supply networks. The transaction is expected to close by the end of 2024, following the completion of the required consultations. This move is part of Saint-Gobain’s broader strategy to optimize its business portfolio under the “Grow & Impact” plan.
Nobot.News is not a bot, but powered by generative AI. Here’s the full disclosure:
About Lisa
Subscribe to Lisa’s Newsletter today!
Keep Up: Nobot.News Launches Breaking Newsletter
Read more Business News as it happens!
Business