# Saint-Gobain sells German distribution unit to Stark group

Saint-Gobain signed an agreement to sell its entire stake in Saint-Gobain Building Distribution Deutschland (SGBDD) to the Stark group for an enterprise value of €335 million. The deal is subject to regulatory approval and expected to close in H2 2019.

- Type: Acquisition
- Announced: 2019-05-21
- Where: Germany
- Value: $375.2M (335.0M EUR)
- Status: announced
- Products: building materials distribution
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md)
- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)
- [Compagnie de Saint-Gobain](https://endata.com/companies/34430.md) (target)
- [Stark](https://endata.com/companies/38687.md) (acquirer)
- [Saint-Gobain Building Distribution Deutschland](https://endata.com/companies/39505.md) (target)
- [Pritex](https://endata.com/companies/39853.md) (target)

## Sources

- [news.europawire.eu](https://news.europawire.eu/saint-gobain-sells-saint-gobain-building-distribution-deutschland-sgbdd-to-the-stark-group-97651323/eu-press-release/2019/05/21/), 2019-05-21: "The deal is an important milestone in the acceleration of Saint-Gobain’s portfolio turnover, the aim being to sell more than €3 billion in sales by the end of 2019."
- [lesprom.com](https://www.lesprom.com/en/news/Stark_Group_acquires_Saint_Gobain_Building_Distribution_Deutschland_GmbH_89120/), 2019-05-21: "The acquisition has an enterprise value of Euro 335 million and is subject to approval by relevant authorities, expected to be completed in the second half of 2019."
- [innov8chem.com](https://www.innov8chem.com/category/innov8-chem/innov8-updates/page/4/), 2019-06-06: "Saint-Gobain has acquired Pritex, a company specializing in acoustic and thermal insulation products made from polymer-based composite materials."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.