Cobe acquires Façades & Glazing Solutions from Saint-Gobain

Following the transaction, the newly independent company will be rebranded as Façades & Glazing Solutions UK.

The transaction is the US-based GP's second European investment since 2015, and comes a year after it acquired German hospital bed distributor Völker from Hill-Rom Holdings.

The latest deal follows a strategic review by the trade vendor of its British glass business.

Company
Headquartered in Coventry, Glassolutions is the UK glazing division of Saint-Gobain. The facade installation and glass replacement division generates a turnover of £70m and has a headcount of 440, according to a statement. The new standalone entity will be headquartered in Rotherham.

People
Cobe Capital – Neal Cohen (founder, managing director).
Saint-Gobin – Pierre-André de Chalendar (CEO).

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