Saint Gobain: Sale Of The Reinforcement And Composites Business To Owens Corning For $640 Million

Total consideration for the divested assets (excluding Saint-Gobain US reinforcement fiber activities which are to be sold independently) amounts to an enterprise value of $640 million.The overall 2006 turnover of the activities sold to Owens Corning is €715 million.



The closure of the transaction is scheduled by the end of 2007, subject to the agreement of relevant competition authorities. Saint-Gobain’s Textile Solutions business, serving mainly construction markets, will remain part of the Group’s High-Performance Materials sector.