Compagnie de Saint-Gobain

M&A Activity • Jun 3, 2024

June 3, 2024

Today, Saint-Gobain completed the acquisition announced on April 3, 2024 of the Bailey Group ("Bailey"), a privately owned manufacturer of metal frames for light construction in Canada.

Founded 75 years ago, Bailey had revenues of C\$532 million in 2023, operates 12 manufacturing plants across Canada and has around 700 employees.

With this acquisition, Saint-Gobain reinforces its offer in sustainable construction in the attractive Canadian market and will be well positioned to better serve Canadian customers, to whom it will bring a comprehensive range of solutions offering sustainability and performance, thanks to innovative installation systems improving productivity and ergonomics on construction sites.

Bailey enriches Saint-Gobain's full-range offer in Canada for interior solutions (plasterboard, ceilings and insulation systems) and exterior solutions, following the acquisitions of Kaycan in siding in 2022 and Building Products of Canada in roofing in 2023.

Having increased its revenues from C\$800 million in 2021 to C\$2.3 billion in 2023 (pro forma of acquisitions), the Group thus confirms itself as a leader in construction materials in Canada.

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

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

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