Saint-Gobain Acquires Building Products of Canada
Saint-Gobain announced that it has entered into a definitive agreement for the acquisition of Building Products of Canada Corp. (“Building Products of Canada”), a leading manufacturer of residential roofing shingles and wood fiber insulation panels in Canada, for C$1,325 million (approximately €925 million) in cash.
With this acquisition, Saint-Gobain takes an important step to reinforce its leadership in light and sustainable construction in the Canadian market. With the acquisition of Building Products of Canada, Saint-Gobain aims to further strengthen its position to provide its Canadian clients with a wider range of cutting-edge and sustainable solutions.
Benoit Bazin, Chief Executive Officer of Saint-Gobain, said: “The acquisition is perfectly aligned with our “Grow & Impact” strategy, reinforces our position in North America and builds on our many proven successes in this region over the last four years.
It will create significant value for shareholders, enhance the profitable growth outlook of the Group, enrich our solutions to better serve our customers and provide attractive development opportunities for both the Building Products of Canada and Saint-Gobain teams.”
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