Saint-Gobain has completed the acquisition of Kaycan, a manufacturer and distributor of exterior building materials in Canada and in the U.S.
The acquisition of Kaycan, a manufacturer and distributor of exterior building materials, was completed on July 29, 2022 and strengthens Saint-Gobain as a world leader in light and sustainable construction.
Kaycan joins the local North American construction business, within the Americas Region.
Kaycan will close in Q3 2022
As part of this acquisition, the divestment of Kaycan’s small US distribution business is progressing well and its closing is expected in the third quarter of 2022.
The EBITDA multiple of approximately 8x post synergies and divestment of US distribution is confirmed.
The acquisition will grow Saint-Gobain’s vinyl offer across the U.S.
The acquisition places Saint-Gobain as a top siding player in Canada, enlarging its vinyl offer across the United States with complementary solutions in aluminium and engineered wood.
Saint-Gobain’s integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance.
Saint-Gobain aims to achieve Carbon Neutrality by 2050
The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME” and it is committed to achieving Carbon Neutrality by 2050.
In 2021, the company generated €44.2 billion in sales, employs 166,000 employees and is located in 76 countries.
