Maroc - REITREPORT.CA - A La Une - 06/Jun 03:05

Saint-Gobain Completes Acquisition of The Bailey Group of Companies

C$880 million acquisition will enhance Saint-Gobain’s position in light and sustainable construction and further strengthen its product portfolio in Canada. MALVERN, Pa.--(BUSINESS WIRE)--Saint-Gobain has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada. With approximately 690 employees working across twelve manufacturing sites throughout Canada, Bailey will reinforce Saint-Gobain’s commitment to growth in the country, adding more than C$500 million in revenues. With today’s announcement, Saint-Gobain has successfully completed its third major acquisition in Canada in the last three years. These include the acquisition of Kaycan (2022) a leader in siding and exterior solutions and Building Products of Canada (2023) a major manufacturer of residential roofing shingles and wood fiber insulation panels. All three additions complement CertainTeed Canada’s extensive portfolio of interior building materials, and Bailey will further enrich Saint-Gobain’s full-range offer of interior and exterior solutions. The Bailey Group of Companies, which will continue to operate under its current brand name, joins the local North American construction business, within the Americas region. Today’s announcement follows several other recent growth investments announced by Saint-Gobain in Canada: In February, Saint-Gobain completed the installation of a recovery system at its gypsum facility in Vancouver, British Columbia, expected to reduce Scope 1 carbon dioxide emissions by 15%. In September, Saint-Gobain completed the $1.325 billion acquisition of Building Products of Canada Corp., reinforcing its leadership in light and sustainable construction in Canada. In 2022, Saint-Gobain announced the acquisitions of both Kaycan and GCP, strengthening its leadership positions in siding and construction chemicals respectively in both Canada and the United States. In June 2022, Saint-Gobain and CertainTeed Canada announced an investment to upgrade equipment at its gypsum facility outside Montreal, which will increase the plant’s production capacity by up to 40%. The plant will also transition away from fossil fuels to solely being powered by renewable electricity from Hydro-Quebec, making it the first zero-carbon wallboard plant in North America for scopes 1 and 2 emissions. Work on this project is currently underway. With over 145 manufacturing locations in Canada and the United States, every current and future member of the company’s team plays a vital role in achieving its sustainability goals. A current list of job openings at all Saint-Gobain locations can be found on the company’s careers website. About CertainTeed With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home. A subsidiary of Saint-Gobain, one of the world's largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca About Saint-Gobain Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its 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. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”. €47.9 billion in sales in 2023 160,000 employees, locations in 76 countries Committed to achieving net zero carbon emissions by 2050 About The Bailey Group of Companies Founded in 1950 by Sam Bailey, The Bailey Group of Companies is a family owned, Canadian operation. The Bailey Group of Companies, consisting of Bailey-Hunt Limited and its subsidiaries, is recognized as an industry leader, offering building solutions to both the commercial framing and drywall finishing residential markets. With twelve locations across Canada, our manufacturing capacity and national presence ensures that our customers, across the country, have the products they require quickly. Bailey production facilities are strategically located within 90% of Canadian job sites. We constantly work to deliver high quality, innovative valuable products. Supplying industry leading service and product solutions for the construction industry is our long-standing and enduring commitment. Contacts Media:Peter Clark (+1) 603 513 8513 The post Saint-Gobain Completes Acquisition of The Bailey Group of Companies appeared first on REIT REPORT.