# Saint-Gobain sells COVIPOR glass processing business in Portugal to PNI Portugal & Permanente

Saint-Gobain signed a binding agreement to sell its glass processing business COVIPOR in Portugal to PNI Portugal & Permanente SA. COVIPOR had sales of about €20 million in 2022 and employs around 100 people at two locations near Porto. The transaction is subject to antitrust clearance and expected to close in Q3 2023.

- Type: Acquisition
- Announced: 2023-07-04
- Where: Porto area, Portugal
- Value: $21.8M (20.0M EUR)
- Jobs: -100
- Status: announced
- Products: glass processing
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md)
- [PNI Portugal & Permanente SA](https://endata.com/companies/71232.md) (acquirer)

## Sources

- [news.europawire.eu](https://news.europawire.eu/covipor-glass-processing-business-sold-by-saint-gobain-in-portugal-deal/eu-press-release/2023/07/04/11/15/24/118298/), 2023-07-04: "Saint-Gobain has signed a binding agreement for the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA."

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