Saint-Gobain buys Building Products of Canada for $994M

Key Takeaways:

• Saint-Gobain also recently acquired Kaycan and CertainTeed as part of its Canadian business strategy. 
• Saint-Gobain plans to add $435 million to its leadership in Canada, where it already has around $1.4 billion of sales, primarily gypsum, insulation, ceilings and siding.
• Saint-Gobain stated that the acquisition completes its offering of solutions for light and sustainable construction in Canada.

The Whole Story:

International building materials giant Saint-Gobain announced that it has entered into a definitive agreement for the acquisition of Building Products of Canada Corp. (BP Canada) for $994 million in cash.

The company is a privately owned manufacturer of residential roofing shingles and wood fiber insulation panels in Canada. Saint-Gobain said the acquisition will reinforce its leadership in light and sustainable construction in the Canadian market. 

“Today marks the beginning of an exciting new chapter in the history of Building Products of Canada,” said Yves Gosselin, BP Canada president and CEO. “Our focus on delivering the best solutions and satisfaction to our customers has enabled us to become a leading player in roofing in Canada. The opportunity to join Saint-Gobain, the worldwide leader in light and sustainable construction, and which is investing significantly in Canada, is the perfect next step to further enrich our offer by leveraging Saint-Gobain’s innovation and technology.”

BP Canada is a leading roofing and exterior building products player in Canada with three manufacturing plants – 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 plans to add $435 million to its leadership in Canada, where it already has around $1.4 billion of sales, primarily gypsum, insulation, ceilings and siding. 

“This is an important and logical step for Saint-Gobain, allowing us to establish a leading position in roofing in Canada, completing our offering for the building envelope which we have reinforced with the recent Kaycan and GCP acquisitions,” said Benoit Bazin, Saint-Gobain CEO. “It completes our offering of solutions for light and sustainable construction in Canada as we have done successfully in the United States.”