French Group Acquires Canada’s Bailey Group of Companies in $650 Million Deal

French Group Acquires Canada’s Bailey Group of Companies in $650 Million Deal

By
Anne-Marie Chevalier
1 min read

French Group Acquires Bailey Group of Companies in $650 Million Deal

Cie. de Saint-Gobain of France has finalized a cash deal worth C$880 million ($650 million) to acquire Canada’s Bailey Group of Companies. This strategic move aims to expand Saint-Gobain's global portfolio in metal framing products.

Key Takeaways:

  • Cie. de Saint-Gobain of France has agreed to acquire Canada’s Bailey Group of Companies for an amount totaling C$880 million ($650 million) in cash.
  • The acquisition is intended to enhance Saint-Gobain’s global offerings in metal framing products.
  • Bailey Group of Companies, a Canadian firm, specializes in commercial metal framing and building systems. It operates across 12 manufacturing sites in Canada and had C$532 million in sales last year.
  • The acquisition strengthens the existing partnership between Saint-Gobain and Bailey Group of Companies, particularly in the production of metal ceiling grids, frames, and fasteners.

Analysis:

Saint-Gobain’s acquisition of Bailey Group of Companies signifies a significant investment in expanding its product offerings and market presence within the metal framing industry. This strategic move is likely to contribute to Saint-Gobain's competitive edge and global growth.

Do You Know?

  • Commercial metal framing involves the construction of structural frames using metal components, which are commonly utilized in commercial building projects.
  • Saint-Gobain's investment in Bailey Group of Companies underscores the company's commitment to diversifying its specialized construction offerings.

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