Saint-Gobain divests PAM Building to Aldebaran [Yahoo! Finance]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
NASDAQ:AMEX Investor Relations:
saint-gobain.com/en/finance
Company Research
Source: Yahoo! Finance
PAM Building, a specialist in the manufacturing of sanitary and rainwater drainage solutions, operates two production plants in France and the UK. The unit employs 400 people and generated revenues of approximately €110m ($115.18m) in 2023. The Telford, UK, production site of PAM Building dates back to the early 1700s when it was a coal mining operation, insidermedia reported. It transitioned to an ironworks in the mid-18th century, producing a variety of iron goods. The site has undergone several transformations, including the establishment of the Sinclair Iron Co in the 20th century, which later became part of Glynwed Foundries. Saint-Gobain acquired the site from Glynwed in 1997. This divestment is a strategic component of Saint-Gobain's 'Grow & Impact' plan, which focuses on optimising the company's business profile. Saint-Gobain focuses on designing, manufacturing, and distributing materials and services that emphasise sustainability and performance. The company
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