Compagnie de Saint Gobain SA Enters into Definitive Agreement to Acquire Continental Building Products Inc - M&A Call Transcript
Ladies and gentlemen, welcome to the Saint-Gobain conference call. I will now hand over to Mr. Pierre-André de Chalendar, Chairman and CEO; Mr. Benoit Bazin, COO; and Mr. Sreedhar, CFO. Gentlemen, please go ahead.
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Good morning. Pierre-André de Chalendar speaking. Good morning, everybody, and thank you for joining our conference call today.
As you will have seen in our press release last night, we have signed an agreement to acquire Continental Building Products, a highly respected plasterboard player in North America. This transaction has been unanimously approved by the Board of Directors of both Saint-Gobain and Continental Building Products for a known price value of $1.4 billion, approximately EUR 1.3 billion.
Now we are going to comment on the slides that have been posted on the Internet. So I'll start with Slide 2 to take a minute to explain how this acquisition fits in our -- with our Transform & Grow transformation
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