Saint-Gobain sells Norandex to ABC Supply
Norandex has a network of 103 branches specializing in windows, doors, siding and roofing products. It has 770 employees and generated sales of $393 million in 2014.
This transaction is in line with Saint-Gobain Building Distribution’s strategy of optimizing its portfolio by divesting non-core assets and focusing on bolstering its leading positions in Europe and Brazil.
The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the fourth quarter 2015. ■