MALVERN, Pa. -- On July 29, 2022, Saint-Gobain completed the acquisition announced on May 31, 2022, of Kaycan, a manufacturer and distributor of exterior building materials in Canada and in the United States.
Saint-Gobain said this acquisition reinforces its worldwide leadership in light and sustainable construction by becoming the top siding player in Canada and enlarging its vinyl offer across the United States with complementary solutions in aluminum and engineered wood.
As part of this acquisition and in line with our previous announcement, the divestment of Kaycan’s small US distribution business is progressing well and its closing is expected in the third quarter of 2022. The EBITDA multiple of approximately 8x post synergies and divestment of US distribution is confirmed.
Kaycan joins the local North American construction business, within the Americas Region.
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