Saint-Gobain sells Portuguese glass processing business

Published 26th July, 2023 by Jess Mills

Saint-Gobain has sold Covipor, its glass processing business in Portugal.

Saint-Gobain has signed a binding agreement for the sale of Covipor to PNI Portugal and Permanente.

Covipor is Saint-Gobain's glass processing business in Portugal.

Covipor generated sales of approximately €20 million in 2022, with two industrial locations in the Porto area employing approximately 100 people.

Closing of the transaction is subject to Portuguese anti-trust authority clearance and expected in the third quarter of 2023.

This transaction is part of Saint-Gobain's continued business profile optimisation strategy, in line with its 'Grow and Impact' strategic plan.

Jess Mills

Glass International Deputy Editor

Jess is the Deputy Editor of Glass International magazine. She has been training in creative and professional writing since 2017, earning her degree in 2020. Prior to joining Quartz Business Media, Jess worked as a freelance writer for a variety of companies and publications.