REG - Compagnie St-Gobain - Acquisition

Compagnie de Saint Gobain SAAnnouncement

03/06/2024 17:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240603:nRSC9323Qa&default-theme=true

RNS Number : 9323Q  Compagnie de Saint-Gobain  03 June 2024

 

Saint-Gobain completes the acquisition of bailey

in light construction in canada

 

 

Today, Saint-Gobain completed the acquisition announced on April 3, 2024 of the Bailey Group ("Bailey"), a privately owned manufacturer of metal frames for light construction in Canada.

 

Founded 75 years ago, Bailey had revenues of C$532 million in 2023, operates
12 manufacturing plants across Canada and has around 700 employees.

 

With this acquisition, Saint-Gobain reinforces its offer in sustainable
construction in the attractive Canadian market and will be well positioned to
better serve Canadian customers, to whom it will bring a comprehensive range
of solutions offering sustainability and performance, thanks to innovative
installation systems improving productivity and ergonomics on construction
sites.

 
Bailey enriches Saint-Gobain's full-range offer in Canada for interior solutions (plasterboard, ceilings and insulation systems) and exterior solutions, following the acquisitions of Kaycan in siding in 2022 and Building Products of Canada in roofing in 2023.
 
Having increased its revenues from C$800 million in 2021 to C$2.3 billion in 2023 (pro forma of acquisitions), the Group thus confirms itself as a leader in construction materials in Canada.

 

 

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".
 
€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

 
For more information about Saint-Gobain, visit
www.saint-gobain.com (http://www.saint-gobain.com/)
 and follow us on  X
@saintgobain (https://twitter.com/saintgobain)

 Analyst/investor relations                Press relations
 Vivien Dardel:         +33 1 88 54 29 77  Patricia Marie:   +33 1 88 54 26 83
 Floriana Michalowska:  +33 1 88 54 19 09  Laure Bencheikh:  +33 1 88 54 26 38
 Alix Sicaud:           +33 1 88 54 38 70  Yanice Biyogo:                +33 1 88 54 27 96
 James Weston:          +33 1 88 54 01 24

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQFJMFTMTBMBAI