Saint-Gobain sells Fibre Cement siding business

Saint-Gobain has sold its U.S.-based Fibre Cement siding business to Plycem USA, a subsidiary of Elementia of Mexico. This business is part of Saint-Gobain’s Exterior Products activity of the Construction Products Sector. It manufactures and sells fibre cement siding, trim and accessory products for the U.S. and Canadian residential and commercial construction markets. The business employs close to 250 people and has three production sites in the United States: Roaring River, North Carolina; Terre Haute, Indiana; and White City, Oregon. With this divestiture, Saint-Gobain’s Exterior Products Siding business will focus its efforts on its vinyl and polymer shake siding cladding businesses that hold prominent positions in the North American exterior cladding market. This transaction is expected to be finalised in the 1st quarter of 2014, subject to standard closing conditions.

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