Saint-Gobain very ambitious in America

For Saint-Gobain, the American dream continues.

The building materials giant announces the acquisition of the Canadian Kaycan for nearly 930 million dollars (about 860 million euros).

This is Saint-Gobain's third external growth operation in this area since 2019, after Continental Building Products (a $1.4 billion operation) in plasterboard, and GCP Applied Technologies (2.3 billion dollars). dollars) in building chemicals.

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"This is an important step that corresponds to two major elements of our strategic plan: strengthening our positions in North America and sustainable construction,"

explains Benoît Bazin, CEO of Saint-Gobain, to

.

Kaycan is a family company specializing in siding, that is to say the outer envelope of the building, in aluminium, wood or vinyl.

It has 12 factories, including 9 in Canada and 3 in the United States, employs 1,300 people, achieves a turnover of 472 million…

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