Saint-Gobain has agreed to sell COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA. COVIPOR has two locations in Porto, Portugal, with around 100 employees. The company recorded around $21 million* in sales in 2022.

The sale is expected to close in the third quarter of 2023.

Saint-Gobain officials say the move is part of the company’s business profile optimization strategy.

*Converted from EUR to USD on July 11, 2023

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