(CercleFinance.com) – Saint-Gobain announces the sale of its specialist tile distribution business in the United Kingdom – CTD Tile Group to Aurelius Investments.
CTD Tile Group employs 580 people and has 89 points of sale, generating a turnover of approximately 115 million euros in 2021.
Saint-Gobain has also signed agreements for the sale of Ideal Bathrooms, its last distribution brand specializing in plumbing, heating and sanitary products in the United Kingdom, which generated sales of approximately 60 million euros. euros in 2021.
‘These operations are part of the continuation of the strategy to optimize the Group’s profile, in line with the objectives of the ‘Grow & Impact’ plan,’ indicates the management.
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