Saint-Gobain S.A. (Courbevoie, France) announces that it has entered into a definitive agreement for the acquisition of Building Products of Canada Corp. (“Building Products of Canada”), 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 completes Saint-Gobain’s offering of Exterior Solutions in Canada with Roofing solutions, following the addition of Siding solutions thanks to the group’s acquisition of Kaycan in 2022;
- The acquisition complements CertainTeed Canada’s existing operations and leadership in Interior Solutions (gypsum, insulation, ceilings).
The purchase price represents a multiple (before synergies) of approximately 11.9x Building Products of Canada’s 2022 EBITDA of C$111 million and an acquisition multiple of approximately 8.2x when including run-rate synergies of approximately C$50 million.