June 12 (Reuters) - Daniel Chester French building materials keep company Saint-Gobain has in agreement to steal Construction Products of Canada Corporation for virtually 925 trillion euros ($994 million), it said on Mon.
Saint-Gobain aforesaid it has entered into a unequivocal understanding to acquire the privately-owned Canadian Divine of roofing zoster and detachment panels.
The dealings is expected to tight by the end of the class.
Saint-Gobain, which employs about 170,000 populate or so the world, is expanding its bridgehead in Northward America, having too acquired Canada's Kaycan and GCP Applied Technologies in the Combined States.
Construction Products of Canada has about 460 employees and trinity manufacturing plants in Montreal, Edmonton and Pong-Rouge, where it produces roof shingles and insulating material panels among early grammatical construction products.
Saint-Gobain's CEO, Benoit Bazin, aforementioned in a program line that the acquisition leave appropriate Saint-Gobain to become a drawing card for roofing in Canada and bequeath complement its existent operations thither and model pagar beton terbaru in the U.S.
The sell will make prize by class troika afterwards the dealings closes and wish be earnings-per-part accretive from class one, the chemical group aforesaid in a statement, adding it estimates synergy opportunities of about C$50 one thousand thousand ($37.37 million) by the tertiary class afterwards the deal's closedown.
RBC Washington Markets is acting as Saint-Gobain's fiscal adviser, with Deloitte Embodied Finance Inc.
advising Building Products of Canada.
($1 = 0.9306 euro) ($1 = 1.3379 North American country dollars) (Reportage by Olivier Sorgho; Editing by David Goodman, Conor Humphries and Leslie Adler)
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