Saint-Gobain Eesti has sold Glassolutions Baltiklaas to Barrus
February 2022 — Saint-Gobain Eesti has sold Glassolutions Baltiklaas, its architectural glass processing division, to Barrus, the European market leader in the production of glulam.
Glassolutions Baltiklaas is the architectural glass processing division of Saint-Gobain. It is the largest architectural glass producer in the Baltics, with two production sites in Estonia. Baltiklaas produces insulated glass units (IGU), laminated and tempered glass, as well as specialty products.
Barrus is a timber company located in Estonia. It is the European market leader in the production of glulam, with an output of 80,000 m3 of high-quality carpenter-grade glulam per year.
Saint-Gobain Eesti is a subsidiary of French building materials producer Saint-Gobain. Saint-Gobain has been operating in the Nordic and Baltic countries for the past 50 years with brands such as Ecophon, Gyproc, Isover, Weber and Leca. Worldwide, Saint-Gobain operates in 67 countries and employs more than 170,000 people. The group brings together the expertise of several companies and can offer a wide range of solutions for the construction of buildings that are comfortable, energy efficient and ensure high-quality living conditions.
Our role in the transaction
Oaklins’ teams in Estonia and Latvia served as the exclusive financial advisor to Saint-Gobain Eesti.
Talk to the deal team
Related deals
Sigma Group has secured a refinancing package from Arbuthnot Latham
Sigma Group has secured a refinancing package from Arbuthnot Latham to support future growth. The new committed debt facilities were structured as a combination of cash flow and asset-based lending facilities secured against receivables. This refinancing also enabled Sigma Group to optimize its capital structure.
Learn moreTrevi Finanziaria Industriale has finalized a rights issue
Trevi Finanziaria Industriale S.p.A. has successfully finalized a rights issue. The capital increase was aimed at strengthening the group’s financial flexibility, supporting the implementation of its business plan and preserving its ability to pursue selective inorganic growth opportunities consistent with its business activities.
Learn moreMäder Group has welcomed new minority shareholder Whitestone Group, BNP Paribas Développement has reinvested
Mäder Group, a specialist in high value-added paints and composites solutions, has renewed its shareholding structure through an investment by Whitestone Group, a listed Belgian investment holding company, while BNP Paribas Développement has reinvested.The founding family will continue to lead the group through its current chairman and CEO, Julien Molina. Bpifrance and Naxicap Partners, long-standing partners of the Mäder Group since 2010, have fully exited their investments. The new capital structure is designed to enable Mäder Group to continue executing its growth strategy through both organic expansion and strategic acquisitions.
Learn more