2022---sale-of-jewson-by-saint-gobain--first-offers-in-mid-october- Today

In December 2022, the French building materials giant agreed to sell its UK distribution business, including the flagship brand Jewson , to the STARK Group , which is backed by private equity firm CVC Capital Partners . The transaction was valued at £740 million (approximately €850 million) on an enterprise value basis. Key Transaction Details

: The divested business generated approximately £2.3 billion in net sales in 2022 with an operating margin of around 2%. Timeline of the Sale British chain Jewson to join STARK Group | CVC In December 2022, the French building materials giant

: Saint-Gobain Building Distribution Ltd, encompassing: In December 2022

: Approximately 600 outlets and a workforce of around 8,900 employees. including the flagship brand Jewson