CGC agrees to acquire steel framing part producer Imperial Building Products

Key Takeaways:

• CGC is acquiring Imperial Building Products (IBP) to expand its product portfolio and strengthen supply chains across Canada, marking a major step in its national growth strategy.
• IBP’s five manufacturing facilities in key provinces will enhance CGC’s ability to serve residential and commercial construction markets from coast to coast.
• The acquisition supports national housing and infrastructure goals by improving access to essential building materials and reinforcing Canadian manufacturing capabilities.

The Whole Story:

CGC Inc., a leading manufacturer of gypsum-based building materials in Canada, has signed a definitive agreement to acquire Imperial Building Products Ltd. (IBP), a national producer of steel framing components, drywall trims, and proprietary structural solutions.

The acquisition marks a major step in CGC’s strategy to bolster domestic manufacturing and supply chains, and to support Canada’s rising demand for housing and infrastructure.

Based in Richibucto, N.B., IBP was founded in 1990 as a division of Imperial Manufacturing Group. It operates five manufacturing facilities across New Brunswick, Quebec, Ontario, Alberta, and British Columbia. The company is widely recognized for its technical expertise and reliable service in both residential and commercial construction.

“Expanding CGC’s portfolio through the acquisition of IBP is a strategic investment in the future of Canadian manufacturing and construction,” said CGC President Steve Youngblut in a statement. “By bringing together CGC’s expertise in wall and ceiling systems with IBP’s leadership in steel framing, we are better positioned to serve customers from coast to coast and support Canada’s housing and infrastructure priorities.”

The move builds on CGC’s recent investments in facilities in Little Narrows, N.S., and Wheatland County, Alta. CGC said adding IBP’s network of plants will strengthen its national reach, diversify its product offerings, and increase supply chain resilience.

IBP will continue to operate as a distinct business unit within CGC following the acquisition. No immediate changes are expected for employees or customers.

“We are proud to become part of the CGC family,” said IBP President Cesare Minchillo. “This acquisition brings together two Canadian companies with complementary strengths and shared values. We look forward to expanding our reach and continuing to support Canada’s builders.”

The transaction involves 100 per cent of IBP’s shares and excludes Imperial Metal Services and other affiliates of Imperial Manufacturing Group. It is expected to close in the third quarter of 2025, subject to regulatory approvals and standard closing conditions.