The multinational French group Saint-Gobain has sold the Danish business Glassolutions. The buyer is the German glass manufacturer Semcoglas Holding GmbH.
Glassolutions is Denmark’s leading distributor of advanced glass solutions that effectively lower energy consumption and improve inflow of light. The company employs 160 people on 6 manufacturing and distribution locations in Denmark, and the transaction is completed as a carve-out from Saint-Gobain’s other Nordic activities within building materials.
Saint-Gobain is a global leading manufacturer and distributor of building materials and other industrial products with more than 167,000 employees worldwide. Glassolutions has been a part of the Saint-Gobain Group since 1976, and the divestment is a part of a strategy to optimise Saint-Gobain’s portfolio of businesses.
Accura advised Saint-Gobain in connection with the transaction, including in relation to the planning of carve-out and the conclusion of a large agreement on the provision of transition services.