Saint-Gobain, the parent company of CertainTeed, has entered into a definitive agreement to buy Building Products of Canada Corp., the privately owned roofing manufacturer. The deal is worth $1.33 billion in cash. BP Canada had EBITDA of $111 million in 2022, with operations in Montreal, Edmonton, and in Pont-Rouge, Que.
With this acquisition, Saint-Gobain, based in France and considered the largest building products company in the world, “will reinforce its leadership in light and sustainable construction products in the Canadian market,” according to a release. Last year, Saint-Gobain purchased siding manufacturer Kaycan.
This latest deal is expected to close by the end of 2023.
