Saint-Gobain to acquire Building Products of Canada Corp. for C$1.325B
September 1, 2023
1.33 Billion CAD
On September 1, 2023, Saint-Gobain successfully completed its acquisition, announced on June 12, 2023, of Building Products of Canada Corp. ("BP Canada") for C$1.325 billion in cash.
BP Canada, based in LaSalle, Québec, is a manufacturer of asphalt shingles, shingle underlayments, waterproofing membranes, hot and cold asphalt, wood fibre structural, insulating and sound-deadening panels, decorative ceiling tiles and panels.
Saint-Gobain, based in Courbevoie, France, designs, manufactures and distributes materials and solutions for the construction, mobility and industrial markets.
McCarthy Tétrault advised Building Products of Canada Corp. with a team led by Matthew Kelleher that includes David Badour, Danyal Bajwa, Rebecca Ferguson, Susan Nickerson (Business), Patrick McCay , Stephanie Dewey (Tax), Oliver Borgers, Kate McNeece, Erin Keogh (Competition), Sarit Pandya (Real Property and Planning), Michael Scherman (Technology), Vincent Yip (Intellectual Property), Dominique Amyot-Bilodeau (Environmental), Patrick Pengelly (Labour and Employment) and Stephanie Sugar (Litigation).