Saint-Gobain has entered into a definitive agreement for the acquisition of Building Products of Canada Corp., a privately owned manufacturer of residential roofing shingles and wood fiber insulation panels in Canada, for C$1,325 million (approximately €925 million) in cash. The acquisition complements CertainTeed Canada’s existing operations and leadership in Interior Solutions (gypsum, insulation, ceilings).
The purchase price represents a multiple (before synergies) of approximately 11.9x Building Products of Canada’s 2022 EBITDA of C$111 million and an acquisition multiple of approximately 8.2x when including run-rate synergies of approximately C$50 million.
