Saint-Gobain acquires the Augustdorf insulated glass manufacturing plant from Teuto-Glasveredelung GmbH & Co.KG

On January 20, 2017, Saint-Gobain signed the contracts for the acquisition of the North Rhine-Westphalian plant in Augustdorf (Germany) from Teuto-Glasveredelung GmbH & Co.KG.This facility produces high-quality insulating glasses. The purchase is planned to be completed in March of this year, subject to approval by the responsible authorities.The acquisition of the modern production site for thermal insulation glasses, sound-insulation glasses, safety glasses, sun protection glasses and decorative glasses in the Lippe district, will allow Saint-Gobain to consolidate its capability to supply the German window makers for the next years.The transaction is consistent with the Group’s strategy of expanding its range of downstream products towards high value-added solutions.