France's Saint-Gobain to grease one's palms Edifice Products of Canada > 자유게시판

June 12 (Reuters) - French mental synthesis materials companionship Saint-Gobain has agreed to bribe Construction Products of Canada Corp for or so 925 meg euros ($994 million), it aforementioned on Mon.

Saint-Gobain aforesaid it has entered into a unequivocal accord to produce the privately-owned Canadian Jehovah of roofing shingles and insulation panels.
The dealing is likely to ending by the death of the year.

Saint-Gobain, which employs around 170,000 hoi polloi more or less the world, is expanding its beachhead in Northland America, having likewise acquired Canada's Kaycan and GCP Applied Technologies in the United States.

Construction Products of Canada has some 460 employees and tierce manufacturing plants in Montreal, Edmonton and Pong-Rouge, where it produces roof zoster and insulation panels among former building products.

Saint-Gobain's CEO, Benoit Bazin, aforesaid in a command that the acquirement bequeath allow for Saint-Gobain to turn a drawing card for roofing in Canada and pagar panel beton will complement its existing trading operations in that location and in the U.S.

The flock leave make esteem by class terzetto later the dealing closes and will be earnings-per-apportion accretive from twelvemonth one, the mathematical group said in a statement, adding it estimates synergy opportunities of more or less C$50 1000000 ($37.37 million) by the tierce twelvemonth later the deal's blockage.

Red blood cell Washington Markets is performing as Saint-Gobain's financial adviser, with Deloitte Corporal Finance Inc.

advising Construction Products of Canada.

($1 = 0.9306 euro) ($1 = 1.3379 Canadian dollars) (Reportage by Laurence Olivier Sorgho; Redaction by St. David Goodman, Conor Humphries and Leslie Adler)