Saint-Gobain Announces Intent to Acquire The Bailey Group of Companies, Leaders in Metal Building Solutions in Canada [Yahoo! Finance]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
NASDAQ:AMEX Investor Relations:
saint-gobain.com/en/finance
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Source: Yahoo! Finance
MALVERN, Pa., April 03, 2024 BUSINESS WIRE )--Saint-Gobain, through its building materials subsidiary CertainTeed Canada, today announced its intent to acquire The Bailey Group of Companies (Bailey), a leading Canadian manufacturer of commercial metal framing and building systems. The complementary addition of Bailey's existing line of high-quality metal framing products in Canada will broaden Saint-Gobain's global offering in the category, and further enhance the company's position as a worldwide leader in light and sustainable construction. As part of the pending acquisition, Saint-Gobain will also complete the purchase of the remaining equity and assets of its decade-long ceiling grid manufacturing joint venture with Bailey, The Grid Company. In addition, when approved, the acquisition will include all divisions of The Bailey Group — Bailey Metal Products, Bailey Metal Processing, and Agway Metals. With approximately 690 employees working across twelve manufacturing sites throug
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