Saint-Gobain, a world leader in the habitat and construction markets, has signed an agreement for the sale of its U.S.-based fiber 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 fiber 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, N.C.; Terre Haute, Ind.; and White City, Ore.
The transaction is expected to be finalized in the 1st quarter of 2014, subject to standard closing conditions.