After a competitive bidding process, Saint-Gobain signed a binding agreement to sell the business to the Danish STARK Group , a firm backed by private equity giants CVC Capital Partners .
The deal, valued at an enterprise price of ($907.4 million), was one of the largest in the sector at the time. The acquisition included: After a competitive bidding process, Saint-Gobain signed a
The transaction officially completed , with the business rebranding as STARK Building Materials UK Ltd . Key Figures and Scope Timeline of the Landmark Deal
Saint-Gobain distributed marketing materials to potential buyers, requesting first-round offers by mid-October . After a competitive bidding process
In October 2022, the French construction giant officially launched the sale of its UK building distribution arm, centered around the historic merchant Jewson . This move marked a major pivot in the group's "Grow & Impact" strategy, as it sought to exit the UK distribution market entirely to focus on high-growth manufacturing and sustainable construction solutions. Timeline of the Landmark Deal