Saint-Gobain announces acquisition of U.S.-based GCP Applied Technologies

Canadian counsel to Saint-Gobain S.A.

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On December 6, 2021, Saint-Gobain S.A. (EPA:SGOB) (“Saint-Gobain”) announced that it has entered into a definitive agreement pursuant to which Saint-Gobain will acquire all of the outstanding shares of GCP Applied Technologies Inc. (NYSE: GCP) (“GCP”), a U.S.-based leading global provider of construction products technologies, for $32.00 per share, in cash, in a transaction valued at approximately $2.3 billion (approximately €2.0 billion).

Saint-Gobain is a French multinational corporation that designs, manufactures and distributes construction materials.

Miller Thomson is advising Saint-Gobain as Canadian counsel in the transaction with a team comprised of Lisa Goodfellow and Erin Munik (Labour & Employment); Tamara Farber, Christie McLeod, and Roxane Nadeau (Environmental); Jay Sernoskie (Corporate/M&A), as well as Sharon MacMillan (Transactions & Leasing).

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