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Saint-Gobain sells Dahl business to Kesko for $1.7 billion - Finance news and analysis from Global Banking & Finance Review
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Saint-Gobain sells Dahl business to Kesko for $1.7 billion

Published by Global Banking & Finance Review

Posted on June 15, 2026

1 min read

· Last updated: June 15, 2026

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Saint-Gobain to Sell Dahl Business in Scandinavia to Kesko for $1.7 Billion

Overview of the Saint-Gobain and Kesko Deal

Details of the Agreement

June 15 (Reuters) - France-based construction group Saint-Gobain agreed to sell its specialist distribution business in Sweden, Norway and Denmark, primarily under the Dahl brand, to Finnish retailer Kesko for €1.5 billion ($1.7 billion), the company said on Monday. 

Transaction Timeline and Conditions

The deal is due to close in early 2027, subject to antitrust clearance and employee consultation. 

Currency Exchange Rate

($1 = €0.8615)

Reporting Credits

(Reporting by Lucie Barbier; Editing by Emelia Sithole-Matarise)

Key Takeaways

  • This divestment is part of Saint‑Gobain’s broader strategy to optimize its business profile and focus on higher‑growth areas like construction chemicals, where it has made multiple acquisitions in recent years (mainsights.io).
  • Kesko will expand its footprint in the Nordic plumbing, heating and sanitaryware distribution market, inheriting Dahl’s operations across three countries (mainsights.io).
  • The deal underscores continued consolidation in the building‑products distribution sector, following other major transactions such as Saint‑Gobain’s earlier ventilation business divestment and recent acquisitions elsewhere in the sector (mainsights.io).

References

Frequently Asked Questions

Who is selling the Dahl business?
Saint-Gobain, a France-based construction group, is selling the Dahl business.
Who is acquiring the Dahl specialist distribution business?
Finnish retailer Kesko is acquiring the Dahl business from Saint-Gobain.
What is the value of the Saint-Gobain Dahl sale?
The sale is valued at €1.5 billion, which is equivalent to approximately $1.7 billion.
Which countries are impacted by this sale?
The Dahl business operates in Sweden, Norway, and Denmark.
When is the deal expected to close?
The deal is expected to close in early 2027, subject to antitrust clearance and employee consultation.

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