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PARIS - Saint-Gobain announced Wednesday it has entered into exclusive negotiations with Ponsardin Industries to sell SFIC Belgium, a specialist construction materials distribution business operating in the Belgian market.
SFIC Belgium, which distributes plasterboard, insulation and ceiling materials, is expected to generate sales of approximately €75 million in 2025 and currently employs 123 people across 10 branches with nationwide coverage in Belgium.
The transaction is subject to the completion of information and consultation procedures with relevant employee representative bodies. Saint-Gobain expects the disposal process to be finalized by the end of 2025, according to the company’s press release.
The divestment is part of Saint-Gobain’s ongoing portfolio optimization strategy as the company continues to refine its business holdings.
SFIC Belgium operates as a specialized distributor in the Belgian construction materials market, focusing on plasterboard, insulation, and ceiling products through its network of branches across the country.
Saint-Gobain, which is celebrating its 360th anniversary this year, reported sales of €46.6 billion in 2024 and employs more than 161,000 people across 80 countries. The company describes itself as a worldwide leader in light and sustainable construction, designing, manufacturing, and distributing materials and services for construction and industrial markets.
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