# Saint-Gobain signs agreement to acquire Bailey Group for C$880 million

Saint-Gobain has entered into a definitive agreement to acquire The Bailey Group Companies, a Canadian manufacturer of metal building solutions for light construction, for C$880 million (approximately €600 million) in cash. Bailey has 12 manufacturing plants across Canada and around 700 employees.

- Type: Acquisition
- Announced: 2024-03-04
- Where: Canada
- Value: $650.0M (880.0M CAD)
- Status: announced
- Products: metal building solutions, metal framing, metal ceiling grids, frames, fasteners
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Compagnie de Saint-Gobain](https://endata.com/companies/34430.md) (acquirer)
- [The Bailey Group Companies](https://endata.com/companies/76045.md) (target)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/compagnie-de-saint-gobain-sa-EPA:SGO/news/reg-compagnie-st-gobain-acquisition-urn:newsml:reuters.com:20240403:nRSC2281Ja/), 2024-03-04: "Saint-Gobain will further reinforce its offer in light and sustainable construction in the attractive Canadian market."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.