Saint-Gobain Inks Deal to Acquire Building Products of Canada
Posted on 06/12/2023
Saint-Gobain entered into a definitive agreement for the acquisition of Building Products of Canada Corp., a privately owned 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 a logical step to reinforce its leadership in light and sustainable construction in the Canadian market. With Building Products of Canada, Saint-Gobain will be well positioned to better serve Canadian customers, to whom it will bring a broader innovative and sustainable range of solutions.
Building Products of Canada is a roofing and exterior building products player in Canada with three manufacturing plants servicing the full country (Montreal, Edmonton, Pont-Rouge) and 460 employees.
Advisors
RBC Capital Markets, LLC is acting as financial advisor, and Cleary Gottlieb Steen & Hamilton LLP and Blake, Cassels & Graydon LLP are acting as legal counsel to Saint-Gobain in connection with the transaction. Deloitte Corporate Finance Inc. is acting as financial advisor and McCarthy Tétrault LLP is acting as legal advisor for Building Products of Canada.
