Saint-Gobain Acquires Building Products of Canada
September 1, 2023
Cleary Gottlieb represented Saint-Gobain in its 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 billion (approximately €925 million) in cash.
The transaction was announced on June 12, 2023, and closed on September 1, 2023.
Building Products of Canada Corp. is a leading roofing and exterior building products player in Canada with three manufacturing plants servicing the full country (Montreal, Edmonton, Pont-Rouge) and 460 employees. It has a leading position in asphalt shingle roofing in Canada and offers a comprehensive range of exterior building products including wood fiber insulation panels and acoustic panels. It sells through more than 1,200 points-of-sale across home center retailers and specialty distribution channels.
Saint-Gobain is a worldwide leader in light and sustainable construction, with locations in 75 countries and 168,000 employees. It designs, manufactures, and distributes materials and services for the construction and industrial markets.
For more information, please see the press release here.