StockMarketWire.com - Compagnie de Saint-Gobain has signed an agreement to sell its distribution business Norandex in the US to ABC Supply Co, the leading distributor of roofing and siding products. Norandex has a network of 103 branches specializing in windows, doors, siding and roofing products.

It has 770 employees and generated sales of US$ 393 million in 2014. The company says the transaction is in line with Saint-Gobain Building Distribution's strategy of optimising its portfolio by divesting non-core assets and focusing on bolstering its leading positions in Europe and Brazil.


At 8:04am: [LON:COD] Compagnie De Stgobain share price was +0.04p at 40.62p



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