Grenfell Tower Insulation Firm Sold by France’s Saint-Gobain (1)

France’s Saint-Gobain has agreed to sell one of the companies implicated in London’s fatal Grenfell Tower fire six years ago.

The Paris-listed building materials group will sell its majority stake in Celotex to Soprema, a company based in the English county of Essex, according to a stock exchange filing. Celotex made insulation used on Grenfell — called RS5000 — which was found to have fueled the June 14, 2017 blaze that killed 72 people.

“This sale will not affect Saint-Gobain’s commitment to the Grenfell inquiry or any inquiries by the Metropolitan Police,” a spokeswoman for Saint-Gobain said by phone. ...