Saint-Gobain’s Acquisition of Building Products of Canada Approved, Strengthens Presence in Sustainable Construction

Saint-Gobain’s Acquisition of Building Products of Canada Approved, Strengthens Presence in Sustainable Construction

(IN BRIEF) Saint-Gobain has received approval from the Competition Bureau of Canada for its acquisition of Building Products of Canada, a manufacturer of residential roofing shingles and wood fiber insulation panels. The acquisition, which enhances Saint-Gobain’s presence in light and sustainable construction, is set to close on September 1st, 2023. This move complements Saint-Gobain’s existing operations in Canada, adding roofing to its Exterior Solutions portfolio alongside siding gained from the Kaycan acquisition in 2022.

(PRESS RELEASE) COURBEVOIE, 22-Aug-2023 — /EuropaWire/ — Saint-Gobain has now obtained approval from the Competition Bureau of Canada for its acquisition announced on June 12, 2023 of Building Products of Canada, a privately owned manufacturer of residential roofing shingles and wood fiber insulation panels in Canada. The acquisition is expected to close on September 1st, 2023.

With this acquisition, Saint-Gobain takes a logical step to reinforce its leadership in light and sustainable construction in Canada by completing its offer on Exterior Solutions in the country with Roofing, following the addition of Siding thanks to the Kaycan acquisition in
2022. The acquisition therefore complements the existing CertainTeed Canada operations, already leader in Interior Solutions (gypsum, insulation, ceilings).

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose,
“MAKING THE WORLD A BETTER HOME”.

€51.2 billion in sales in 2022
168,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter @saintgobain

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SOURCE: Saint-Gobain