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Saint-Gobain to divest silicon carbide division

By Mary Page Bailey |

Saint-Gobain (Paris, France; www.saint-gobain.com) moved another step forward in an exclusive agreement with private equity firm OpenGate Capital after having received a purchase offer to acquire Saint-Gobain’s silicon carbide division. Saint-Gobain produces silicon carbide grains and powder with annual sales of around €120 million. The transaction is subject to the approval of competition authorities and should be effective in the first half of 2019. The transaction is part of Saint-Gobain’s announced objective to divest businesses representing cumulative sales of at least €3 billion by the end of 2019.

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