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Saint-Gobain sells Norandex to ABC Supply

Staff writer |
Saint-Gobain has signed an agreement to sell its distribution business Norandex in the US to ABC Supply Co., a distributor of roofing and siding products.

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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.

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