Saint-Gobain has completed the acquisition of Kaycan, a manufacturer and distributor of exterior building materials in Canada and the United States
The acquisition of Kaycan, a manufacturer and distributor of outdoor building materials, was completed on July 29, 2022 and strengthens Saint-Gobain as the world leader in light and durable construction.
Kaycan joins the local North American construction company, within the Americas region.
Kaycan will close in the third quarter of 2022
As part of this acquisition, the divestment of Kaycan’s small US distribution business is progressing well and is expected to close in the third quarter of 2022.
The EBITDA multiple of approximately 8x after synergies and sale of US distribution is confirmed.
The acquisition will expand Saint-Gobain’s vinyl offering in the United States
This acquisition positions Saint-Gobain as a leading siding player in Canada, expanding its vinyl offering across the United States with complementary aluminum and engineered wood solutions.
Saint-Gobain’s integrated solutions for the renovation of public and private buildings, lightweight construction and the decarbonization of construction and industry are developed in a process of continuous innovation and offer durability and performance.
Saint-Gobain aims for carbon neutrality by 2050
The Group’s commitment is guided by its raison d’être, “MAKING THE WORLD A BETTER HOME” and is committed to achieving carbon neutrality by 2050.
In 2021, the company achieved a turnover of 44.2 billion euros, employs 166,000 people and is established in 76 countries.