Saint-Gobain acquires a Canadian manufacturer of building materials
French-based Saint-Gobain, a manufacturer and distributor of building and industrial materials and services, recently completed the acquisition of Kaycan, a manufacturer and distributor of outdoor building materials in Canada and the United States.
The purchase allows Saint-Gobain to expand its vinyl offering in the United States with complementary aluminum and engineered wood solutions and to become one of the leading coating companies in Canada.
Kaycan is now part of the local North American construction business within Saint-Gobain’s Americas region. The region also includes CertainTeed, a North American exterior and interior building products brand based in Malvern.
Kaycan is in the process of divesting its US distribution business and the transaction is expected to close in the third quarter.
Saint-Gobain has made several other North American investments over the past year.
In December, it announced plans to buy GCP Applied Technologies, a maker of construction chemicals, for $2.3 billion.
In February, it invested $32 million in its CertainTeed insulation manufacturing plant in California.
In April, Saint-Gobain announced plans to double CertainTeed’s architectural manufacturing site in northeast Ohio by moving to Strongsville and announced a $118 million expansion of CertainTeed’s roofing plant. in North Carolina.
Saint-Gobain also announced in May a $100 million expansion of CertainTeed’s roofing plant in Georgia.
Saint-Gobain has 167,000 employees in 76 countries.