Saint-Gobain announces that it has entered into an exclusive negotiation process for the sale of its Crystals and Detectors business – part of High Performance Solutions – to a consortium led by SK Capital Partners associated with Edgewater Capital Partners, both US private equity firms with expertise in advanced materials which have made a binding and irrevocable offer for an enterprise value of USD 214 million.

The transaction is subject to customary employee consultations. Its completion is subject to regulatory approvals and is expected during the fourth quarter of 2022.

The Crystals and Detectors business employs around 400 people, operates 6 production sites (2 in France, 3 in the United States and 1 in India) and generated revenues of close to €75 million in 2021 with an adjusted EBITDA margin of around 20%. It provides radiation detection solutions for medical imaging, security, nuclear safety, oil and gas exploration and environmental monitoring as well as sapphire products for medical, industrial, electronics and aerospace applications.

This transaction aims at focusing the Group’s High Performance Solutions activities on markets where Saint-Gobain, thanks to its leadership positions and its innovation capabilities, enables its customers to accelerate towards carbon neutrality and circularity. It is part of SaintGobain’s continued business profile optimization strategy, in line with the “Grow & Impact” plan objectives.