Saint-Gobain sells fiber cement business, plans focus on vinyl siding

By Catherine Kavanaugh
Staff Reporter

Published: December 19, 2013 6:43 pm ET
Updated: December 20, 2013 10:04 am ET

Related to this story

Topics Construction, Mergers & Acquisitions, Pipe/Profile/Tubing, Extrusion, Vinyl siding
Companies & Associations Cie de Saint-Gobain

Cie. de Saint-Gobain is selling its U.S.-based fiber cement siding business to Plycem USA Inc., a subsidiary of Elementia SA de CV of Mexico.

The business changing hands is part of Saint-Gobain's exterior products line for the construction sector. It manufactures and sells fiber cement siding, trim and accessory products for the U.S. and Canadian residential and commercial building markets. The business employs almost 250 and has three U.S. production sites in Roaring River, N.C.; Terre Haute, Ind.; and White City, Ore.

With the pending divestiture, Saint-Gobain will focus on its vinyl and polymer shake siding cladding businesses. The sale is expected to be finalized in the first quarter of 2014, subject to standard closing conditions.

Elementia is a Mexican consortium of industrial and construction companies that offers fiber cement, cement, concrete, polyethylene, styrene, polypropylene and copper applications. Elementia has four divisions — metals, building systems, plastics, and cement — and a presence in more than 40 countries with about 5,000 distribution centers.

Saint-Gobain, which claims to be the world leader in the habitat and construction markets, designs, manufactures and distributes building materials. Sales in 2012 totaled 43.2 billion euros ($59 billion) for the company, which operates in 64 countries and has nearly 193,000 employees.


Comments

Saint-Gobain sells fiber cement business, plans focus on vinyl siding

By Catherine Kavanaugh
Staff Reporter

Published: December 19, 2013 6:43 pm ET
Updated: December 20, 2013 10:04 am ET

Post Your Comments


Back to story


More stories

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Buildings could reach new heights with help from plastic-coated rope

October 28, 2014 1:55 pm ET

Skyscrapers will be able to soar to greater heights with help from plastic in the latest lift technology developed by Kone Corp., an elevator and...    More

Image

TMI has new private equity owner

October 27, 2014 2:03 pm ET

Pittsburgh-based TMI International LLC, a maker of PVC-based film, panel and sheet products as well as PVC-coated curtains and screens, has been...    More

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events