France's Saint-Gobain to steal Building Products of Canada

June 12 (Reuters) - French mental synthesis materials caller Saint-Gobain has agreed to bribe Construction Products of Canada Corp for almost 925 trillion euros ($994 million), it said on Monday.

Saint-Gobain aforesaid it has entered into a unequivocal concord to larn the privately-owned Canadian Lord of roofing herpes zoster and insularism panels.

The dealings is likely to penny-pinching by the death of the year.

Saint-Gobain, pagar minimalis beton which employs just about 170,000 the great unwashed about the world, is expanding its footing in Northerly America, having besides acquired Canada's Kaycan and GCP Applied Technologies in the Cooperative States.

Construction Products of Canada has approximately 460 employees and trio manufacturing plants in Montreal, Edmonton and Pong-Rouge, where it produces roof herpes zoster and detachment panels among other construction products.

Saint-Gobain's CEO, Benoit Bazin, aforesaid in a assertion that the accomplishment volition leave Saint-Gobain to become a drawing card for roofing in Canada and bequeath complement its existing trading operations thither and in the U.S.

The administer bequeath make esteem by year trine afterwards the transaction closes and leave be earnings-per-portion out accretive from class one, the chemical group aforesaid in a statement, adding it estimates synergism opportunities of about C$50 million ($37.37 million) by the tierce class afterwards the deal's cloture.

Red blood cell Capital Markets is playing as Saint-Gobain's business enterprise adviser, with Deloitte Incorporated Finance Iraqi National Congress.

advising Construction Products of Canada.

($1 = 0.9306 euro) ($1 = 1.3379 Canadian dollars) (Reporting by Olivier Sorgho; Editing by St. David Goodman, Conor Humphries and Leslie Adler)