# Investors led by former Saint-Gobain managers acquire Saint-Gobain Glassolutions Grand Ouest

Saint-Gobain has divested its glass processing business Saint-Gobain Glassolutions Grand Ouest in north-west France, including glass installation activities across France, to investors led by former Saint-Gobain managers. The acquired entity generated sales of around €60 million in 2021 and employs 420 people.

- Type: Acquisition
- Announced: 2022-09-02
- Where: North-West region of France, France
- Value: $1.00B
- Jobs: 420
- Status: completed
- Products: glass processing, glass installation
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md)
- [GCP Applied Technologies](https://endata.com/companies/882.md) (target)
- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)

## Sources

- [news.europawire.eu](https://news.europawire.eu/investors-led-by-former-saint-gobain-managers-take-over-the-glass-processing-business-of-saint-gobain-in-the-north-west-region-of-france/eu-press-release/2022/09/02/15/56/58/102556/), 2022-09-02: "This operation is part of Saint-Gobain’s continued business profile optimization strategy, consistent with the “Grow & Impact” plan objectives."
- [news.europawire.eu](https://news.europawire.eu/press-releases-tagged-with/cement-additives/), 2022-09-22: "Saint-Gobain has announced that all regulatory approvals for its acquisition of GCP Applied Technologies Inc. have been received."
- [businesswire.com](https://www.businesswire.com/news/home/20220922005603/en/Saint-Gobains-Acquisition-of-GCP-Applied-Technologies-to-Close-on-September-27-2022), 2022-09-22: "Saint-Gobain has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc."

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