Saint-Gobain Finalizes the Divestiture of its Advanced Ceramics Business

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Saint-Gobain

Jan 03, 2011, 03:40 ET

COURBEVOIE, France, January 3, 2011 /PRNewswire-FirstCall/ -- Following the approval of the competition authorities, on December 31, 2010, Saint-Gobain finalized the sale of its Advanced Ceramics business to CoorsTek for US $245 million, as announced on June 28, 2010.

With this divestment, Saint-Gobain's Ceramic Materials activity is continuing to implement dynamic management of its business portfolio by favoring activities with high technological content, in which it enjoys a leadership position in terms of innovation and product development.

More about Saint-Gobain

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2009 sales of EUR37.8 billion, Saint-Gobain operates in 64 countries and has more than 190,000 employees. For more information about Saint-Gobain, please visit http://www.saint-gobain.com.

More about CoorsTek

CoorsTek is the leading technical ceramics manufacturer headquartered in North America with facilities in Europe and Asia. CoorsTek supplies critical components and complete assemblies for defense, medical, automotive, semiconductor, aerospace, electronic, power generation, telecommunication, and other high-technology applications. Utilizing advanced material technologies, the company's engineered solutions enable its customers' products to overcome technological barriers and improve performance. For more information about CoorsTek, please visit http://www.coorstek.com.

    Analyst/Investor relations

    Florence TRIOU-TEIXERA          +33-1-47-62-45-19
    Etienne HUMBERT                 +33-1-47-62-30-49
    Vivien DARDEL                   +33-1-47-62-44-29

    Press relations

    Sophie Chevallon                +33-1-47-62-30-48

SOURCE Saint-Gobain

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