Saint-Gobain Completes Sale of Crystals and Detectors Business


By Ed Frankl

Compagnie de Saint-Gobain said late Thursday that it completed the sale of its crystals and detectors business to a consortium of private-equity firms.

On Sept. 1, the French company said it was in talks to sell the business for an enterprise value of $214 million.

Saint-Gobain sold the business, part of its high-performance solutions segment, to a consortium led by SK Capital Partners associated with Edgewater Capital Partners, both US private equity firms with expertise in advanced materials, it said.

Write to Ed Frankl at edward.frankl@dowjones.com



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