Saint-Gobain has today entered into an agreement to purchase the North American ceilings business of Hunter Douglas, a leading manufacturer of architectural ceilings with two production sites in Norcross, Georgia and Denver, Colorado. The business reported sales of $36 million in 2017.
This acquisition will allow Saint-Gobain to acquire a complete range of innovative aluminum, steel, felt and fiberglass ceiling systems for commercial projects of all types. It is in line with Saint-Gobain’s strategy to consolidate its leadership positions and to develop adjacent niches. It will significantly increase the Group’s presence in the high-growth architectural specialties market.
The pending transaction is subject to customary closing conditions and is expected to be finalised in July 2018.