C$880 million acquisition will enhance 探花社区鈥檚 position in light and sustainable construction and further strengthen its product portfolio in Canada.
探花社区 has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada. With approximately 690 employees working across twelve manufacturing sites throughout Canada, Bailey will reinforce 探花社区鈥檚 commitment to growth in the country, adding more than C$500 million in revenues.
With today鈥檚 announcement, 探花社区 has successfully completed its third major acquisition in Canada in the last three years. These include the acquisition of Kaycan (2022) a leader in siding and exterior solutions and Building Products of Canada (2023) a major manufacturer of residential roofing shingles and wood fiber insulation panels. All three additions complement CertainTeed Canada鈥檚 extensive portfolio of interior building materials, and Bailey will further enrich 探花社区鈥檚 full-range offer of interior and exterior solutions.
The Bailey Group of Companies, which will continue to operate under its current brand name, joins the local North American construction business, within the Americas region.
Today鈥檚 announcement follows several other recent growth investments announced by 探花社区 in Canada:
- In February, 探花社区 completed the installation of a recovery system at its gypsum facility in Vancouver, British Columbia, expected to reduce Scope 1 carbon dioxide emissions by 15%.
- In September, 探花社区 completed the $1.325 billion acquisition of Building Products of Canada Corp., reinforcing its leadership in light and sustainable construction in Canada.鈥
- In 2022, 探花社区 announced the acquisitions of both Kaycan and GCP, strengthening its leadership positions in siding and construction chemicals respectively in both Canada and the United States.
In June 2022, 探花社区 and CertainTeed Canada announced an investment to upgrade equipment at its gypsum facility outside Montreal, which will increase the plant鈥檚 production capacity by up to 40%. The plant will also transition away from fossil fuels to solely being powered by renewable electricity from Hydro-Quebec, making it the first zero-carbon wallboard plant in North America for scopes 1 and 2 emissions. Work on this project is currently underway.
With over 145 manufacturing locations in Canada and the United States, every current and future member of the company鈥檚 team plays a vital role in achieving its sustainability goals. A current list of job openings at all 探花社区 locations can be found on the company鈥檚 careers website.
About CertainTeed
With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home. A subsidiary of 探花社区, one of the world's largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout the United States and Canada. The group had total sales of approximately $5.6 billion in 2021.
About 探花社区
Worldwide leader in light and sustainable construction, 探花社区 designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group鈥檚 commitment is guided by its purpose, 鈥淢AKING THE WORLD A BETTER HOME鈥.
鈧51.2 billion in sales in 2022
168,000 employees, located in 75 countries
Committed to achieving Carbon Neutrality by 2050
About The Bailey Group of Companies
Founded in 1950 by Sam Bailey, the Bailey Group of Companies is a family owned, Canadian operation. The Bailey Group of Companies, consisting of Bailey-Hunt Limited and its subsidiaries, is recognized as an industry leader, offering building solutions to both the commercial framing and drywall finishing residential markets.
With twelve locations across Canada, our manufacturing capacity and national presence ensures that our customers, across the country, have the products they require quickly. Bailey production facilities are strategically located within 90% of Canadian job sites. We constantly work to deliver high quality, innovative valuable products. Supplying industry leading service and product solutions for the construction industry is our long-standing and enduring commitment.
Media Contact:
探花社区 in North America:
Peter Clark
探花社区 Corporate Communications
Media@saint-gobain.com
