(CercleFinance.com) – Saint-Gobain announces the conclusion of a definitive agreement for the acquisition for approximately 860 ME of Kaycan, a family business producing and distributing outdoor building materials in Canada and the United States .
With this acquisition, Saint-Gobain intends to strengthen its status as a ‘world leader in sustainable construction’, in particular by expanding its range of vinyl coverings in the United States with solutions including, in particular, complementary products based on aluminum or wood. transformed.
Saint-Gobain believes that this acquisition is ‘perfectly aligned with the Group’s strategic and financial investment criteria’.
The completion of the transaction remains subject to the usual authorizations and conditions. The sale should be finalized before the end of the year.
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