Compagnie de Saint-Gobain Acquisition (4029U)
August 01 2022 - 01:10AM
UK Regulatory (RNS & others)
TIDMCOD
RNS Number : 4029U
Compagnie de Saint-Gobain
01 August 2022
SAINT-GOBAIN COMPLETES ITS ACQUISITION OF KAYCAN
On July 29, 2022 Saint-Gobain completed the acquisition
announced on May 31, 2022 of Kaycan, a manufacturer and distributor
of exterior building materials in Canada and in the United
States.
With this acquisition, Saint-Gobain reinforces its worldwide
leadership in light and sustainable construction by becoming the
top siding player in Canada and enlarging its vinyl offer across
the United States with complementary solutions in aluminum and
engineered wood.
As part of this acquisition and in line with our previous
announcement, the divestment of Kaycan's small US distribution
business is progressing well and its closing is expected in the
third quarter of 2022. The EBITDA multiple of approximately 8x post
synergies and divestment of US distribution is confirmed.
Kaycan joins the local North American construction business,
within the Americas Region.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures
and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of
public and private buildings, light construction and the
decarbonization
of construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".
EUR44.2 billion in sales in 2021
166,000 employees, locations in 76 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
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END
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