HUNTER DOUGLAS TO SELL ITS NORTH AMERICAN CEILINGS BUSINESS TO SAINT GOBAIN
Rotterdam, July 3, 2018 – Hunter Douglas, the world leader in window coverings (LuxaflexÒ) and a major manufacturer of architectural products, has agreed to sell its North American ceilings business to CertainTeed, a division of Saint Gobain, one of the world largest building products companies.
The North American ceilings business had 2017 sales of USD 36 mln and employs 100 people. As part of the divestment, Hunter Douglas will enter into a collaboration agreement with Saint-Gobain to market Hunter Douglas’ commercial window covering products.
Terms were not disclosed.
Hunter Douglas is the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products with its Head Office in Rotterdam, the Netherlands, and a Management Office in Lucerne, Switzerland. The Group is comprised of 132 companies with 50 manufacturing and 82 assembly operations in more than 100 countries. Hunter Douglas employs about 22,750 people and had sales in 2017 of USD 3.2 billion.
The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and the Frankfurter Börse.
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