Saint-Gobain is set to acquire Building Products of Canada Corp. (Building Products of Canada), a privately owned manufacturer of residential roofing shingles and wood fibre insulation panels, for more than $1.3 billion.
With Building Products of Canada, Saint-Gobain’s innovation capability will allow Building Products of Canada to develop a broader, more innovative and sustainable range of products for its customers.
Building Products of Canada completes Saint-Gobain’s offering of exterior solutions in Canada with roofing solutions, following the addition of siding solutions with the group’s acquisition of Kaycan in 2022. The acquisition complements CertainTeed Canada’s (a subsidiary of Saint-Gobain) existing operations and leadership in interior solutions (gypsum, insulation, ceilings).
Closing of the transaction is subject to customary conditions and expected by year-end 2023.
Building Products of Canada is a 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 fibre insulation and acoustic panels. The company sells more than 1,200 points-of-sale across home centre retailers and specialty distribution channels.
“I am very pleased to announce the acquisition of Building Products of Canada and I look forward to soon welcoming into our group the Building Products of Canada teams, who, over the years, have built a very attractive, highly respected and renowned position in Canada. 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. It completes our offering of solutions for light and sustainable construction in Canada as we have done successfully in the U.S.,” says Benoit Bazin, chief executive officer of Saint-Gobain.
“Today marks the beginning of an exciting new chapter in the history of Building Products of Canada. 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,” says Yves Gosselin, president, and CEO of Building Products of Canada.
