Saint-Gobain has 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 Euro 925 million) in cash.
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.
Building Products of Canada 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 designs, manufactures and distributes materials and services for the construction and industrial markets.
