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

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

Georg Fischer closing SC pipe plant

September 17, 2014 2:58 pm ET

Georg Fischer Central Plastics LLC (GFCP) closed its manufacturing operation for pipe components in Abbeville, S.C., on Sept. 15, putting 17...    More

Image

Here's a peek behind our 2014 film & sheet ranking

September 15, 2014 1:22 pm ET

Today Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's look at some interesting numbers behind the...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German su...    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events