France’s Saint-Gobain to buy Canada’s Kaycan for $928 million

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Updated: May 31, 2022, 16:22 GMT+00:00

(Reuters) - Saint-Gobain has entered into a definitive agreement to acquire Kaycan, a manufacturer of premium building products in Canada and the United States, for $928 million in cash, the French group said on Tuesday.

(Reuters) – Saint-Gobain has entered into a definitive agreement to acquire Kaycan, a manufacturer of premium building products in Canada and the United States, for $928 million in cash, the French group said on Tuesday.

The transaction, set to complete by the end of this year, will boost Saint-Gobain’s offer in sustainable construction and will strengthen the company’s position in North America, Chief Executive Officer Benoit Bazin said in a call.

(This story has been refiled to correct spelling error in headline)

(Reporting by Juliette Portala; Editing by GV De Clercq)

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