# St Gobain sells South Korean construction glass business to Glenwood Private Equity

St Gobain has sold its construction glass business in South Korea to Glenwood Private Equity for an enterprise value of around 240 million euros. The deal helps St Gobain reach its 2019 asset-sales target of over 3 billion euros.

- Type: Acquisition
- Announced: 2019-09-30
- Where: South Korea, South Korea
- Value: $262.4M (240.0M EUR)
- Status: completed
- Products: construction glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [St Gobain](https://endata.com/companies/42405.md)
- [Saint-Gobain](https://endata.com/companies/1801.md) (partner)
- [Glenwood Private Equity](https://endata.com/companies/20593.md) (acquirer)
- [Glenwood Private Equity](https://endata.com/companies/20593.md) (partner)

## Sources

- [financialpost.com](https://financialpost.com/pmn/business-pmn/french-group-st-gobain-seals-disposal-target-with-south-korea-asset-sale), 2019-09-30: "St Gobain said on Monday that it would sell the South Korean business to Glenwood Private Equity, in a deal based on an enterprise value of around 240 million euros."
- [dealstreetasia.com](https://www.dealstreetasia.com/stories/saint-gobain-korea-glenwood-156579), 2019-10-03: "France-based Saint-Gobain has announced it has entered into an agreement to sell its construction glass business in South Korea to investment management company Glenwood Private Equity at an enterprise value of 240 million euros ($263 million)."

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