PARIS (Agefi-Dow Jones)–Saint-Gobain announced on Thursday evening that it had entered into exclusive negotiations for the sale of its Crystals and Detectors business to a consortium led by the American private equity fund SK Capital Partners associated with its counterpart Edgewater Capital Partners.
The French building materials producer indicates that the consortium has submitted to it a firm and irrevocable purchase offer for an enterprise value of 214 million US dollars.
Saint-Gobain specified that the Crystals and Detectors activity employs approximately 400 people, operates 6 factories (2 in France, 3 in the United States and 1 in India) and generated in 2021 a turnover of nearly 75 million euros with an adjusted EBITDA (gross operating surplus) margin of around 20%.
The Crystals and Detectors business “provides radiation detection solutions for medical imaging, security, nuclear safety, oil and gas exploration, and for environmental monitoring, as well as sapphire-based products for medicine, industry, electronics and aerospace,” detailed Saint-Gobain.
Subject to customary clearances, the transaction is expected to be completed in the fourth quarter.
-Vincent Alsuar, Agefi-Dow Jones; 01 41 27 47 39; [email protected] ed: JEB
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
September 01, 2022 12:17 ET (16:17 GMT)