France’s Saint-Gobain to buy Canada’s Kaycan for $928 million

Industry:    2022-06-01

Saint-Gobain has entered into a definitive agreement to acquire Kaycan, a manufacturer of premium building products in Canada and the United States, for $928 million in cash, the French group said on Tuesday.

The transaction, set to complete by the end of this year, will boost Saint-Gobain’s offer in sustainable construction and will strengthen the company’s position in North America, Chief Executive Officer Benoit Bazin said in a call.

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